Feeds

Lycos Q4 losses grow eleven fold

Marketing budget blamed

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Lycos has blamed rising marketing costs for growing its Q4 losses to E52 million (£31.9 million). This is an 11 fold jump from last years Q4 loss of E4.7 million. For the full year Lycos' losses grew to E99.7 million from 8.7 million in fiscal 1999.



Scoot.com rode a share price rollercoaster yesterday when it failed to produce a statement on rumours that Vivendi was poised to buy the online listings company until 4pm. Starting at 124p, the weekend rumours of Vivendi's buy caused them to soar to 191p. Then, just before the market closed, a statement refuting the buy was released, causing shares to plummet to 152p. Angry market traders were not unaware of the irony that a business set up to provide information as rapidly as possible had taken most of the day to deny the buyout. Vivendi currently owns just 22.4 per cent of Scoot.




Worldcom is thought to be considering a takeover of Intermedia Communications for $6 billion (£4.1 billion). Worldcom is thought to be interested in Intermedia's 54 per cent stake in Internet company Digex.




IT consultancy TTP Group plans to float its mobile arm TTPCom next month, valuing it at £350 million. Most of the money raised will apparently be taken by the company's 600 staff who jointly earn a majority share.




Data centre specialists CityReach is riding a burgeoning market with the announcement of another £100 million in funding and a planned float next spring. The craze toward outsourcing server hosting has brought out the analysts and figures of a £5 billion market by 2005 are being bandied about. A rival firm to CityReach was valued at £1.6 billion on the stock exchange in June.




T-Online, the Deutsche Telekom unit, has bought Spanish and Portuguese ISP Ya.com for E550 million ($495 million). ®



For bubble economy flatulance visit Cash Register.

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.