It has also cut losses at its French and Spanish units, but still trails the local market leaders, France's Wanadoo and Spain's Terra Lycos.

BBC: T-Online shines as Tiscali stumbles

Bob has served on the boards of several public and private sector companies including John Hancock (JHFS), Ticketmaster (TCMS), Terra Lycos (TRLY), Lycos (LCOS) and Lycos Europe (LCY).

FORBES: Bob Davis's Advice to Young Entrepreneurs

Terra Lycos is a different proposition.

ECONOMIST: Face value

's (nasdaq: YHOO - news - people ) Geocities and Tripod, a personal Web service from Terra-Lycos (nasdaq: TRLY - news - people ).

FORBES: Google Goes Blog-Crazy

While the fit between Terra and Lycos is superficially complementary, the combination may not bring any worthwhile new strengths to the core markets of either firm, apart perhaps from Spanish-speakers in North America.

ECONOMIST: The Internet