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Technology Stocks : Lycos -- Ignore unavailable to you. Want to Upgrade?

To: Jenne who wrote (2109)	5/19/1999 6:08:00 PM
From: CanynGirl	Read Replies (1) \| Respond to of 2439

DJ Merrill/Lycos -2: Sets 12-18 Mo. Price Target Of 170 NEW YORK (Dow Jones)--Merrill Lynch & Co. analyst Henry Blodget upgraded his rating on Lycos Inc. (LCOS) to long-term buy from accumulate. In a research note, Blodget said the outlook for Lycos' "next few quarters" is good, and he set a new 12- to 18-month price target of 170. The shares were recently trading at 119 3/4, up 6%. He also raised his fiscal 1999 revenue estimate to $130 million from $125 million. He noted that any additional revenue will likely be put into sales and marketing efforts. Blodget noted that Lycos is "an attractive acquisition candidate." (END) DOW JONES NEWS 05-19-99 12:11 PM - - 12 11 PM EDT 05-19-99