>accounted for almost 70 per cent of the portal's total revenues
which reflects the down of ad revenues.
> e- commerce, licensing and internet access activities
Just like AOL/TimeWarner Lycos.Europe has with Bertelsmann a partner whose worldwide entertainment products, music, video, books etc get pushed heavily.
Took espotting on board, went PFI for their once well maintaind quality directory, resell FAST's PartnerSite.
Went into access and hosting biz.
The group is in the middle of an hefty restructuring programme.
Fired 300 people last year, 200 more have to go this year.
Closing down Poland, Austria, Swiss, Finland.
Still lost €67,5 Mill.
All in all and taking into account their cash reserves of € 288.9 Mill Lycos.Europe seems well equipped for the competition with MSN, AOL, and, in Germany, T-Online.