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Lycos, named after a particularly voracious hunting spider, started as a research project at Carnegie Mellon University in Pittsburgh, USA, but became a commercial venture in 1995. By August 1996 Lycos had indexed over 60 million URLs but has since fallen behind other search engines, such as Google, in reliability and speed. In 2000, a $12.5 billion offer was made for Lycos by Terra Networks, an Internet Service Provider, whose majority shareholder is Telefonica, the privatized Spanish national telecommunications operator.
The colours of the flag date from Napoleon's invasion in 1796. The design is based on the French tricolour. Effective date: 19 June 1946.
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