Lycos, Inc. is a web search engine and web portal established in 1994, spun out of Carnegie Mellon University. Lycos encompasses a network of email, web hosting, social networking, entertainment websites; the company is based in Waltham, is a subsidiary of Kakao. The word "Lycos" is short for "Lycosidae", Latin for "wolf spider". Lycos is a university spin-off that began in May 1994 as a research project by Michael Loren Mauldin of Carnegie Mellon University in Pittsburgh. Lycos Inc. was formed with US$2 million in venture capital funding from CMGI. Bob Davis became the CEO and first employee of the new company in 1995, concentrated on building the company into an advertising-supported web portal. Lycos enjoyed several years of growth during the 1990s and became the most visited online destination in the world in 1999, with a global presence in more than 40 countries. In April 1996, the company completed the fastest initial public offering from inception to offering in NASDAQ history, ending its first day with a market value of $300 million.
It became the first search engine to go public, before its big rivals Yahoo! and Excite. In 1997, it became one of the first profitable Internet businesses in the world. In 1998, Lycos acquired Tripod.com for $58 million in an attempt to "break into the portal market". Lycos started offering e-mail services in October 1997. Lycos Europe was a joint venture between Lycos and the Bertelsmann transnational media corporation, but it has always been a distinct corporate entity. Although Lycos Europe remains the largest of Lycos's overseas ventures, several other Lycos subsidiaries entered into joint venture agreements including Lycos Canada, Lycos Korea and Lycos Asia. Lycos was one of the most popular websites on the internet, ranking 8th in 1997, peaking at 4th in both 1999 and 2001. Near the peak of the dot-com bubble on May 16, 2000, Lycos announced its intent to be acquired by Terra Networks, the Internet arm of the Spanish telecommunications giant Telefónica, for $12.5 billion. The acquisition price represented a return of nearly 3,000 times the company's initial venture capital investment and about 20 times its initial public offering valuation.
The transaction closed in October 2000 and the merged company was renamed Terra Lycos, although the Lycos brand continued to be used in the United States. Overseas, the company continued to be known as Terra Networks. Having been set back by the dot-com bubble burst, Lycos abandoned its own search crawler in late 2001, started using FAST. In August 2004, Terra announced that it was selling Lycos to Seoul, South Korea–based Daum Communications Corporation, now Kakao, for $95.4 million in cash, less than 2% of Terra's initial multibillion-dollar investment. In October 2004, the transaction closed and the company name was changed back to Lycos; the remaining Terra half was reacquired by Telefónica. Under new ownership, Lycos began to refocus its strategy; the company moved away from being a search-centric portal and toward a community destination for broadband entertainment content. With a new management team in place, Lycos began divesting properties that were not core to its new strategy. In July 2006, Wired News, part of Lycos since the purchase of Wired Digital in 1998, was sold to Condé Nast Publications and re-merged with Wired Magazine.
The Lycos Finance division, best known for Quote.com and RagingBull.com, was sold to FT Interactive Data Corporation in February 2006, while its online dating site, Matchmaker.com, was sold to Date.com. In 2006, Lycos regained ownership of the Lycos trademark from Carnegie Mellon University, allowing the company to rename to Lycos, Inc. During 2006, Lycos introduced several media services, including Lycos Phone which combined video chat, real-time video on demand, an MP3 player. In November 2006, Lycos began to roll out applications centered on social media, including its video application, Lycos Cinema, that featured simultaneous watch and chat functionality. In February 2007, Lycos MIX was launched, allowing users to pull video clips from YouTube, Google Video, Yahoo! Video and MySpace Video. Lycos MIX allowed users to create playlists where other users could add video comments and chat in real-time; as part of a corporate restructuring to focus on mobile, social networks and location-based services, Daum sold Lycos for $36 million in August 2010 to Ybrant Digital, an Internet marketing company based in Hyderabad, India.
Ybrant Digital paid $20 million at signing and there has been a legal dispute over magnitude of the second installment between Ybrant and Daum. In 2018, a New York court ruled in favor of Daum and appointed Daum as receiver of Ybrant's 56% ownership interest in Lycos. In May 2012, Lycos announced the appointment of former employee Rob Balazy as CEO of Media division of Lycos. In September 2014, Ed Noel was appointed in place of Rob and manages the operations under the title of General Manager of Lycos Media. In June 2015, Lycos announced a pair of wearable devices, called Ring. Lycos Internet was renamed Brightcom Group in May 2018. Angelfire, a Lycos property providing free web hosting and web publishing tools InsiderInfo Tripod.com, a Lycos property providing free web hosting and web publishing tools Weather Zombie, a Lycos property providing weather forecasts, with a zombie theme, via AccuWeather. WhoWhere.com, a people search engine Lycos Chat, a photo chatting community. Lycos Domains, Internet domain name purchasing Lycos Mail, an e-mail provider known as Mailcity.com.
Marian McCamy Sims, was an American writer of short stories and fiction. Sims was born in Dalton, Georgia in 1899, her parents were Grace Gardner. She attended school at Agnes Scott College in Georgia. After graduating in 1920 with a Bachelor of Arts degree, she taught history and French at Dalton High School. After four years of teaching, she became a copy writer for an advertising firm. In 1927 she married Frank Knight Sims and they moved first to Greensboro, North Carolina and finally settling in Charlotte, North Carolina. In 1931, she won a short story writing contest. Sims published several short stories in magazines such as Ladies' Home Journal, Liberty, McCall's, The Saturday Evening Post, her main body of work consisted of seven novels. Sims felt that too many of the novels written about the South were about "sharecroppers and backward-looking aristocrats." So she concentrated on writing novels concerning her own social stratum, that being the middle to upper class Southern culture. During World War II, her husband served as a naval officer and she focused on short stories for magazines.
She said, "it could be written more or less on the run, while I was waiting instructions to set out for California--or heaven knows where." Many of these stories dealt with the theme of dislocation during the war. In 1949, she wrote the lyrics for a religious work called Peace: A Sacred Cantata by Lamar Stringfield, she died of cancer in Charlotte in 1961. Morning Star, Call It Freedom, Memo to Timothy Sheldon, The City on the Hill, Beyond Surrender, Storm before Daybreak, J. Murrey Atkins Library: Marian McCamy Sims Papers, 1922-1961, The University of North Carolina, Charlotte NC Works by Marian McCamy Sims at Faded Page
The 1987 Australian Open was a tennis tournament played on grass courts at the Kooyong Stadium in Melbourne in Victoria in Australia. It was the 75th edition of the Australian Open and was held from 12 through 25 January 1987. Stefan Edberg defeated Pat Cash 6–3, 6–4, 3–6, 5–7, 6–3 It was Edberg's 2nd career Grand Slam title and his 2nd Australian Open title. Hana Mandlíková defeated Martina Navratilova 7–5, 7–6 It was Mandlíková's 4th career Grand Slam title and her 2nd and last Australian Open title. Stefan Edberg / Anders Järryd defeated Peter Doohan / Laurie Warder 6–4, 6–4, 7–6 It was Edberg's 3rd career Grand Slam title and his 3rd Australian Open title, it was Järryd's 2nd career his only Australian Open title. Martina Navratilova / Pam Shriver defeated Zina Garrison / Lori McNeil 6–1, 6–0 It was Navratilova's 43rd career Grand Slam title and her 9th Australian Open title, it was Shriver's 15th career her 6th Australian Open title. Zina Garrison / Sherwood Stewart defeated Anne Hobbs / Andrew Castle 3–6, 7–6, 6–3 It was Garrison's 1st career Grand Slam title and her only Australian Open title.
It was his 2nd and last Australian Open title. Jason Stoltenberg defeated Todd Woodbridge 6–2, 7–6 Michelle Jaggard defeated Nicole Provis 6–2, 6–4 Jason Stoltenberg / Todd Woodbridge defeated Shane Barr / Brian Roe 6–2, 6–4 Ann Devries / Nicole Provis defeated Genevieve Dwyer / Danielle Jones 6–3, 6–1 Total prize money for the event was A$1,372,375. Official website Australian Open