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Apr 30, 1999

Three's a company?

Lycos' efforts to sell shareholders on a three-way merger

When Lycos Inc chief executive Robert Davis walked into his offices at the company's Waltham, Massachusetts headquarters last February 9, things were looking pretty good. His company, an internet wunderkind of the first order, was the second most visited and fastest-growing internet portal with 5 mn registered users and a 48.8 percent online audience reach. His bean counters were confident that fiscal second-quarter numbers, aided by stronger than expected web advertising revenue, exceeded

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