A leading IT Company Lycos-Armenia is closing down. The administration has informed the staff about the company's closure at a special meeting minutes ago.
Employees were notified of the menace of closure weeks ago.
Lycos-Armenia is a development and operations center for the business units of Lycos Europe. The company employs some 1000 people, the best specialists of the sphere. Presently, the company neither confirms nor denies the information.
Details will be given later in the day.

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Uzipped has more links about Lycos
Կարեն Կարապետյան 1 year 15 weeks ago
Unzipped has some more related links from world news headlines about this:
Lycos Europe admits defeat in search for investor
Lycos Europe Cries “Uncle!”
Lycos Europe to close portal, end Web hosting
This is bad news.
Karlen V 1 year 14 weeks ago
This is bad news. Do I vote Bad news up or down?
It's not a quesion of "Bad" news.
Կարեն Կարապետյան 1 year 14 weeks ago
It's not a quesion of "Bad" news. The content on khosq should be judged by either of the following criteria: Interesting or Important.
If you think this item is Important enough to be the front page of khosq (of if it is Important to you or Interesting to you), then you should vote it Up.