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 4/10 Good --- www.telecompaper.com http://www.telecompaper.com/syndication/rss.aspx
| Business information about the telecom industry, an extensive overview of telecom-related articles ... |
Tuesday, April 29, 2008 --- 66 days ago http://www.telecompaper.com/news/article.aspx?cid=616858
| (Telecompaper) European online portal and advertising services provider Lycos Europe saw its first-quarter revenues fall 19 percent year-on-year to EUR 16.2 million. The EBITDA loss grew from EUR 2.3 million in the first quarter of 2007 to EUR 6.2 million in the first quarter of this year, despite a reduction in operating expenses of EUR 1.4 million. Lycos also reports a net loss of EUR 5.6 million compared with a net profit of EUR 7.6 million in Q1 2007. Product offensive will remain the main focus for the near future in order to stabilise traffic further. This is the prerequisite to strengthening the advertising revenues. The company will also work on making the new shopping guide portal 'decido' a success. Additionally, the focus will be on tight cost management. The company also announced that it will execute a strategic review to investigate possible solutions for the future of the company, including finding a new majority shareholder. ... |
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