DoubleClick Disappoints and Finds Its Stock Isn't Clicking Today

Also, Lycos presents at H&Q.

Author:: David Shabelman
Publish date:: Apr 27, 1999 2:52 PM EDT

SAN FRANCISCO -- DoubleClick (DCLK) was leading tech stocks' profit-taking parade after its earnings report failed to beat Wall Street estimates.

The leading point decliner on the

Nasdaq

, DoubleClick was down 23 5/8, or 14%, at 148. Ahead of the report, the stock had run up from a low of 102 on April 19 to a high of 176 on Monday.

eBay

(EBAY) - Get Report

, meanwhile, got a lift early after its stellar quarterly report Monday. But like much of the Internet sector, it later suffered some profit-taking. eBay was down 1 at 208 around midsession after trading as high as 234.

Also seeing some profit-taking ahead of its

earnings, to be released after the close, was

America Online

(AOL)

. It was down 5 1/4, or 3%, at 156 3/4.

CMGI

(CMGI)

-- another stock that has run up sharply in the past week as the Net sector rallied -- also fell. It was down 14, or 5%, at 267.

Lycos Zips Lip at H&Q Conference

If a Lycos falls in a forest...

Hope no one was actually waiting for

Lycos

(LCOS)

Chief Financial Officer Ted Philip to spill the beans on the pending

unpopular merger with

Ticketmaster/Online Citysearch

(TMCS)

and

USA Networks

(USAI) - Get Report

Before his early-morning presentation here at the

27th Annual Hambrecht & Quist Technology Conference

even got started, Philip said his company, pending comments from the

Securities and Exchange Commission

, was in a quiet period and he would be saying little.

You can say this about Philip: He delivers. His banal presentation nearly cleared the

Westin St. Francis

Grand Ballroom, where he offered such gems as "we're No 1." He also addressed Lycos' unique value proposition, which boasts of a "management team, strong brand, fiscal responsibility, patented technology and diversified and growing revenues."

Whoa.

But he did offer this suggestion that, at least, things aren't getting worse on the Net. Philip gave this insight into Lycos' upcoming first-quarter earnings: "We had a fantastic quarter on the top line ... and are comfortable with analyst estimates on the bottom line."

-- Catherine Haley
and Cory Johnson