Investment intelligence forum iExchange.com signed a deal with Lycos to provide the Lycos Investment Channel
and Quote.com with investment research and stock
ideas from its “analysts” on a new co-branded site.
iExchange.com will be Lycos’s exclusive provider of predictive analysis and
research from individual investors for two years.
Financial terms of the
revenue sharing agreement were not disclosed.
iExchange.com ranks its stock-pickers according to their track record and
says that from mid-October to the end of May, top analysts at its site have
generated average returns of 35 percent, beating the Dow (down 3.3 percent),
the S&P (up 3.2 percent) and the Nasdaq (up 9.9 percent) during the same
period.
“By integrating our content with Lycos, we have made it easier for the
millions of users on the Lycos Network to find an accountable source of
investment research from
individual investors,” said Heath Schiesser, acting chief executive officer of iExchange.com.
“At Lycos we recognize the value of community and saw that iExchange.com’s
unique community for grass roots investment intelligence would give us a
competitive differentiating service and enhance the experience of the
individual investors on Quote.com and Lycos Investing,” said Mike Armistead,
vice president and general
manager of Lycos Finance.
iExchange.com has more than 8,200 ranked analysts who come from all walks of
life, ranging from engineers, doctors and financial planners to stay-at-home
mothers and retired executives. iExchange.com is an idealab! company funded
by Kleiner
Perkins Caulfield & Byers and Capital Z Partners.
