Lycos shares leap amid mixed messages on deal

Article Abstract:

The price of Lycos shares are up 18% in spite of contradictory reports on the proposed merger with the electronic commerce assets of USA Networks. Rumors are circulating that Lycos's biggest investor CMGI is not supportive of their plans to merge, yet they have issued a statement saying they are 'generally supportive.' Lycos is also in the process of buying Home Shopping Network and Ticketmaster, further complicating their financial situation. However, financial analysts are still recommending Lycos stock as a good buy.

Prepackaged software, Securities issued, listed, Computer software industry, Software industry, Economic aspects, Acquisitions and mergers, Internet access software, Lycos Inc., Web browser, Web browsers, LCOS

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Internet slide doesn't faze fund holders

Article Abstract:

Managers of Internet funds remain optimistic as investors continue to buy shares in their funds, despite an overall decline in Internet stocks. Since April, funds are down by around 25%. Still, money is coming in at about a $25 mil a week clip, though this is down from Q1 1999. Some analysts recommend that investors limit their exposure in this volatile sector to 10% of their portfolio. Various fund managers offer their picks for the coming months.

High technology industry, Internet service providers, Internet service provider

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