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Internet searth engine Lycos trade at 20 x trailing sales. the revenue growth has slowed down, and competition intensified. LCOS is burning its cash fast, and profitabily looks far away. It seems there is euphoria that search engine will catch most of ads in web. Also, LCOS lives under business leader Yahoo's shadow. Wait and see LCOS lost in competition and cash-flow problem in near future. Short the stock to low teens. Henry | ||||||||||||||
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