Terra Lycos beats analyst Q1 estimates

NEWS Terra Lycos has reported a loss of E41m (£25.5m) for its first quarter, an improvement from a loss of E42m in the previous three months. However, the Spanish ISP's revenues, still affected by the tough market for internet advertising, also fell over the corresponding period from E166m to E161m. The results beat analyst forecasts but subscriber growth was up less than expected, with poor numbers for new broadband customers. Terra Lycos is 37 per cent owned by Telefonica of Spain. Terra Lycos executive chairman Joaquim Agut made this year's silicon.com Agenda Setters list, at 45. See who else made it at http://www.silicon.com/as2002