|
Any thoughts, anyone, as to what might happen to QCharts, post sale?
Some tier packaging? Or is it to be a replacement for eSignal's own efforts? Or, a la Symantec, did they buy the competition to kill 'em off?
I hope not. Presuming the code has no inherently fatal flaws, I'd like to see it evolved and re-released. It always was a very intuitive and well designed package of tools, though the tools have for some time fallen behind the curve, and the data side, (their achilles heel) might be "fixable".
Of course, eSignal's reputation for "data excellence" went missing some time ago (if it ever had that rep).
Eliot On Mar 6, 2006, at 4:47 PM, Mark Simms wrote: Feb. 1, 06![]() Lycos U.S. Sells Quote.com to IDC For $30 Million Cash; Wired News Next? [by rafat] : I'm surprised it didn't happen earlier, or any other major data/financial portal didn't buy them. Quote.com, which was sold to Lycos back in the heydays, has been sold by its parent to financial data provider Interactive Data Corporation for $30 million in cash. Lycos U.S. is now owned by Korean portal company Daum.
Quote.com, also known as the Lycos Finance division, markets four financial services/data offerings, including subscription-based QCharts and LiveCharts services that provide real-time streaming data; Quote.com, a financial news and analysis website; and Raging Bull, an online investment community and message board site. Upon completion of the transaction, the assets of Quote.com will be operated as part of Interactive Data's eSignal division.
Lycos's rationale for the sale? "Over the past year, Lycos has evolved our business to focus on digital content creation, as a destination for people to create, store and market content. Going forward, it became evident that Quote.com did not fit in with this strategy...."
Slight tangent but a possibility: does this mean that company owned Wired News, which hasn't been doing well, is going to be sold? The rationale given above seems like it will be...
Quote.com currently employs about 30 people. It had 2005 service revenues of about $12.7 million with total costs and expenses, excluding amortization, of about $9.5 million.
Some history: Quote.com was sold to Lycos in 1999 for about $78.3 million in stock. Raging Bull was sold to Altavista and then sold to Lycos and now this. [Feb. 1, 06] | Biz/Fin |VC/M&A | ![e-mail this post to a friend]() | Comments (0) | TrackBack (0)
Comment: IT WAS A CRAPPY SERVICE WITH NO TECH SUPPORT AND NO UPGRADES FOR THE PAST 3 YEARS. I wasted some money on them.... funny thing: ESignal is now the undisputed "McDonalds" of the datafeed world....and following the same pattern as Lycos... few upgrades and improvements in ESignal in 3 years. ESignal 8.0 has been discussed for 2 years and is not even in beta yet. Uh....I think this is a crappy business to be in right now.
YAHOO! GROUPS LINKS
YAHOO! GROUPS LINKS
|