Petteri Pyyny
3 Jul 2001 11:20
Terra Lycos has laid off most of the employees of its Sonique subsdiary just before the team was about to complete much-awaited Sonique 2 MP3 player. Terra Lycos didn't confirm rumours that the team was cut down to just two employees.
Lycos acquired Sonique in August 1999 for 1.1 million Lycos shares, back then those shares were worth of $38.8M. Lycos still plans to continue distributing the Sonique v1.x, but wont develop 2.x any further.
This move basically kills the final technological competition against Nullsoft and their up-coming WinAMP 3 player. Sonique 2 was supposed to have very intelligent new features, like new interface language. Ah well, maybe they find jobs at Nullsoft ;-)