Moreover, the value of the Terra shares that Lycos holders will receive is unusually high, even by Internet standards, they said.
The middle decades of the 18th century saw much writing about the curiosities and possible commercial value of the southern seas and terra australis incognita.
The combination of Terra and Lycos is valued at 50 times 2001 revenue, according to an analysis by Chase H&Q.
Lanny Baker, an analyst with Salomon Smith Barney, noted that Terra had a value of $10,000 for each subscriber.
That makes the relatively strong performance of Terra shares puzzling, unless investors think CF will maintain much of its current value even without the support of the Agrium bid.
But at a market capitalization of nearly $38 billion, Terra already carries a value of $69 for every man, woman, child and grandmama in its markets who might someday go online.
Lack of TERRA knockout models has hampered understanding TERRAs' functions.
SUSAN TUNICK President, Friends of Terra Cotta.
Apollo 11 helped us shed the bonds of terra firma.
