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1. Paul Kedrosky is calling the Answers.com : ANSW purchase of Lexico a land grab for the generic domain names dictionary.com, reference.com and thesaurus.com. I agree that the names have value, but by any metric Answers.com overpaid.

Internet reference content site Answers.com: ANSW announced after the bell today that it would buy Lexico Publishing Group , owner of Dictionary.com, Thesaurus.com and Reference.com, for $100 million in cash. The transaction is subject to financing (which may be tough given that Answers.com’s market cap is only $101.3M as of today’s close).

According to the press release, Lexico had revenues of $7 million, EBITDA of $2.9 million and net income of $2.8 million in 2006. Answers.com calls Lexico “highly profitable,” but like everything else, that phrase is relative. The transa