Dear Windows-Help.NET Subscriber,
The merger between USA Networks & Lycos - signed in early February - has ended, primarily because Lycos shareholders didn't get behind the deal. From the moment the merger was announced in February, Lycos stock took a real beating and lost about 1/3rd of its value. Many shareholders complained that USA Networks was offering too small a premium per share, compared to what other Internet companies were receiving at the time.
When news of the failed merger was announced, the value of Lycos stock climbed over 10 percent in midday trading.
It is highly likely that Lycos will find another partner, although probably not before mid July, since Lycos would have to pay $35 million to USA Networks/Ticketmaster-Online, as part of the termination agreement. Lycos Chief Executive Officer Robert Davis said, "There are far more companies that are unaligned that are major media players than there are aligned... Time Warner, Viacom, Bertelsmann, CBS, Fox, and on and on. It is the minority that are aligned." That certainly leaves the door open to speculation about a suitable partner for Lycos.
IBM announced two new high-performance, extremely reliable 10,000 RPM hard drive models, the 36-gigabyte (GB) Ultrastar 36ZX, and the Ultrastar18LZX, available in 18 and 9 GB capacities.
Ultrastar 18LZX has the fastest seek time (4.9 msec) of any hard drive. "With these new Ultrastar drives, IBM has once again mastered the art of high performance while improving reliability with several new features and technologies," said M.S. Bhat, IBM Server Hard Drive business line manager.
Both drives are designed for use with applications that use crisp and clear audio, high-definition and life-like video, colourful graphics and animation, and enormous databases. These drives are ideal for supporting large Intranets and Internet applications, as well as digital video editing, CAD/CAM, on-line banking and credit card transaction processing, digital documentation and document imaging, and data mining.
The Ultrastar 36ZX and 18LZX are in qualification now by several computer makers and will ship in volume next month. The 36GB drive lists for $1,950, while the 18GB drive lists for $1,325. The smaller 9GB drive is priced at $775 (list).
Ever considered putting your Resume online? Well, you'll really want to read this article in Fortune (preferably before you put your resume online!)
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