February 28, 2000 2:01 PM

Charlene Li of Forrester on Lycos' Valent Acquisition: When I talk to these small companies, quite a few of them in the back pocket say, "No, we don't want to go IPO, we just want to be acquired by an America Online, a Yahoo. They are trying to be low cost. Until they really need the space, they just work out of the basement."

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