Feeds

Lycos revenues up, loss narrows

And it reckons it's the second most-visited portal

  • alert
  • submit to reddit

New hybrid storage solutions

Lycos has reported revenues of $24.8 million -- a 166 per cent jump on the same period last year -- but still posted a loss of $2.4 million for latest results, for Q1 1999. The loss, 6c per share before amortisation, one-time merger-related expenses and a gain on sale of equity securities, narrowly beat the 7c per share loss expected by Wall Street. On the same day that its shares hit a 52-week high, Lycos announced that 44.5 per cent of Net users now used its services, making it the second most-visited portal on the Web. "Once again, Lycos far exceeded Wall Street's estimates of every key metric," claimed Edward M Philip, Lycos' COO and CFO. In October, Lycos said it was going to buy Wired Digital for $83 million in stock and also signed a $22.5 million promotional deal with Fleet Bank. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.