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Terra Lycos presents $2.2 Billion loss
lazerzubb




msg:223380
 4:27 pm on Feb 26, 2003 (gmt 0)

[cnn.com...]
[terralycos.com...]

(BTW is this still the forum where Lycos topics will be discussed?)

 

olias




msg:223381
 4:30 pm on Feb 26, 2003 (gmt 0)

I was just about to post this link to it but couldn't decide where it should go!

[news.bbc.co.uk...]

investors hailed the news as a sign that it may soon be bought out

An amusing comment in light of all the recent events I thought.

sem4u




msg:223382
 5:08 pm on Feb 26, 2003 (gmt 0)

The figure does include the $1 billion write down for Lycos though...

heini




msg:223383
 5:51 pm on Feb 26, 2003 (gmt 0)

Telefonica, the Spanish telephone company which owns 39% of Terra Lycos, is believed to be ready to buy control, taking the internet firm private.

Although Telefonica has repeatedly denied wanting to buy out Terra, some analysts feel it will be tempted by the internet company's cash reserves of 1.75bn euros.


Those are two important things to keep in mind when speculating about the future of Lycos.
Lycos is a monster, and a strange one at that.
It's a complicated mesh of share and owners.
They don't have a clear cut business model as a whole.

I don't really see them attracting companies like Yahoo, MSN or whomever for a buyout.

Tor




msg:223384
 6:34 pm on Feb 26, 2003 (gmt 0)

They don't have a clear cut business model as a whole.

And that`s really their major problem. Ultimately this paradox may destroy Lycos.

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