Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: mmmary who wrote (81182)	10/24/2002 11:15:01 PM
From: StockDung	Read Replies (2) \| Respond to of 122087

The End of Ragingbull?->Web Portal Terra Lycos Lays Off 174 .c The Associated Press WALTHAM, Mass. (AP) - Internet portal Terra Lycos has laid off 174 U.S. employees, or 21 percent of its American staff, in moves that reflect continuing challenges for Web companies. Of the 174 job cuts, 112 hit the company's U.S. headquarters in Waltham. Jennifer Risi, a spokeswoman for the Barcelona, Spain-based company, said Wednesday the reductions are the result of efficiencies created by the October 2000 merger of Lycos with Spain's Terra Networks. Terra Lycos ranks as the sixth most popular U.S. Internet destination, behind MSN, AOL, Yahoo, Google and eBay, according to Internet audience measurement service Neilsen/Net Ratings. But the company said the layoffs would be accompanied by a paring down of some content areas to focus on services like its search engine, Lycos Finance, Matchmaker.com and music. ``This reorganization is about focusing on our most valuable properties,'' Risi said. 10/24/02 14:56 EDT