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Lycos shares forge ahead
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February 16, 2000: 4:11 p.m. ET
Merger speculation abounds after company's latest profitable quarter
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NEW YORK (CNNfn) - Lycos Inc. shares continued to climb Wednesday after the company reported a fourth consecutive quarter in the black after the bell yesterday. With continued success, the company could be ready for another merger attempt, such as its failed bid to merge with USA Networks last year.
Lycos CEO Bob Davis told CNNfn the company is not looking to acquire a traditional media company at the moment, but also warned that the company is not precluding anything.
"You know, we were a pioneer in the USA transaction," Davis said. "And sometime pioneers claim generic new territory and sometimes they take some arrows. So, we took a couple of arrows. But the important thing is that Lycos is a core business [and] is just doing exceptionally well, as this quarter indicates."
Davis said the company is focusing on short-term goals, and one of the prime objectives is simply getting the Lycos audience to stay longer. To do this, Lycos (LCOS: Research, Estimates) is adding deeper vertical content. (454K Wav or 454K AIFF)
 While other Internet company's have experienced tremendous growth in revenue without making a profit, Lycos has become a rarity in the Web world by improving its bottom line as well.
"We've always had a focus as a company on bottom line and fiscal responsibility," Davis said. "And I think especially now in the days of Internet consolidation and I think more of a discriminating investor, it pays off very well for us."
Lycos rose 4-3/16 to 73-1/4 in late afternoon trading on the Nasdaq stock exchange. 
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Lycos
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