W. David Gardner:

Lycos Inc., one of the early Internet companies that soared into the stratasphere before falling to the earth, has been acquired by an Indian company for $36 million. Lycos once commanded a valuation of $12.5 billion before Internet companies began unraveling more than a decade ago.

Read that again, from $12.5 billion to $36 million – that’s a drop.

Posted by Ben Brooks