60 of the Most Famous Photographs

clipped by: adamc
clipper's remarks: Ever heard of "MySimon"? CNET paid $700 million for it in '99. What about the online greeting card site "BlueMountain.com"? Excite@Home paid $780 million for it. So many billions of dollars down the drain.

Clip Source: internet.seekingalpha.com

10. Hotmail - acquired by Microsoft (MSFT) in 1998 for about $400 million. Hotmail was a second-tier free email service when Microsoft bought it and the acquisition did little to improve Microsoft's internet portal ambitions.

6. Lycos - acquired by Terra Networks for $4.6 billion in 2000. Yeah, I never heard of Terra either. The warning bells should have gone off when the deal was originally announced in May 2000 at a value of $12.5 billion, only to fall by more than 50% by the time it closed in October of that year because each company's stock price was plummeting.

4. GeoCities - acquired by Yahoo! (YHOO) in 1999 for $3.56 billion. When was the last time you visited a site with a geocities.com domain? I can't remember either. Shortly after the acquisition, innovation on GeoCities appears to have ground to a halt. GeoCities could have been MySpace, but the entire social networking revolution passed them right by.

3. Excite - acquired by @Home in 1999 for $6.7 billion. Remember Excite.com? Remember how it was the #2 or 3 portal for awhile? Well, a whole year and a half after the cable company @Home acquired Excite (for $394 per user!) in January 1999, the combined entity filed for bankruptcy never to be heard from again. Classically disastrous.

Tags: internet, web, m&a, acquisition, hotmail, lycos, geocities, excite

this might get people to stop smoking....

Wed, 22 Nov 2006 22:03:25 GMT

clipped by: sphinx000514

Clip Source: www.absolutely-funny-humor.com

Ash tray reminder

Tags: smoking

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this might get people to stop smoking....