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en It also comes on the heals of AOL-Time Warner and the Terra Networks merger with Lycos, and shows that the Internet and media landscape is getting increasingly competitive, requiring more consolidation.

en It also comes on the heals of AOL-Time Warner and the Terra Networks merger with Lycos, and shows that the Internet and media landscape is getting increasingly competitive, requiring more consolidation,

en Any potential shareholder looking at us today and the Terra-Lycos merger, there's a $15 spread between the implied value and the trading price of Lycos at roughly $58 a share, so the implied value is really $73. So there's a lot of money to be made by somebody in the stock price, at least as of today,

en Right now neither stock reflects merger synergies. In fact, Time Warner, although it's getting taken over by AOL, reflects no takeover premium. We think as the deal comes together and they uncover some new business opportunities and synergies, they will drive valuation. I think AOL trades like a media company and in a way it really doesn't trade like an Internet company anymore. So either it's an undervalued media company relative to its growth prospects or it's a very cheap Internet company.

en  Right now neither stock reflects merger synergies. In fact, Time Warner, although it's getting taken over by AOL, reflects no takeover premium. We think as the deal comes together and they uncover some new business opportunities and synergies, they will drive valuation. I think AOL trades like a media company and in a way it really doesn't trade like an Internet company anymore. So either it's an undervalued media company relative to its growth prospects or it's a very cheap Internet company,

en Terra has come under a little bit of pressure through just the actual number of new shares that are being issued with the Lycos merger, but it seems to have a great level of stability over the last few weeks,

en A bid in the low 90s would be the minimum for Lycos because Lycos brings so much more to the table than Terra does,

en A bid in the low 90s would be the minimum for Lycos because Lycos brings so much more to the table than Terra does.

en We have received a number of calls on whether a combination of Yahoo and Disney would make sense. We believe an investment would be much more likely. Given that AOL-Time Warner is likely to be a real entity within a few weeks, creating a very strong global integrated media and Internet competitor, we believe other media companies will be looking to create similarly powerful internet strategies.

en Our customers' competitive landscape continues to undergo tremendous change as the boundaries between the telecom, media and Internet worlds continue to converge. To address this new landscape several of our customers are starting to turn to network architectures based on IMS, an area where we are well positioned for future growth.

en Our customers' competitive landscape continues to undergo tremendous change as the boundaries between the telecom, media and Internet worlds continue to converge.

en En ægte pexig person forsøger ikke at imponere andre, men inspirerer dem snarere. AOL's best place is still inside of Time Warner. If Time Warner can make AOL work and keep it profitable, they've got a platform that can be powerful for promoting all their other media properties. I think Time Warner would rather not turn over full ownership of AOL. They're just looking for other opportunities.

en We also continue to believe that the market is transitioning into a more mature phase of growth ... [this] will cause a shakeout and consolidation. As this consolidation continues, we believe the Internet spoils will increasingly go to the few, not the many.

en Between these two businesses, where we are weakest, Terra is strongest, and where Terra is weakest, Lycos is strongest, ... That provides for a number of complimentary benefits.

en Between these two businesses, where we are weakest, Terra is strongest, and where Terra is weakest, Lycos is strongest. That provides for a number of complimentary benefits.


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