GuruNet, Google get a little closer

Published: 9 February 2005 y., Wednesday
GuruNet's stock fell back to Earth on Tuesday after the company revealed the extent of its tightening relationship with Google. Since last month, Google has been gradually switching over its search term definition links to GuruNet's Answers.com site from Google's old standby, Dictionary.com. In a conference call with reporters Tuesday morning, GuruNet CEO Robert Rosenschein said Google's transition to Answers.com was complete. "It now appears we're getting all of that traffic and Dictionary.com is getting none," Rosenschein said. Dictionary.com is owned and operated by Lexico Publishing Group, a privately held company in Los Angeles. Lexico issued Google a free, nonexclusive license to link to its dictionary definitions in April 2000. "We're disappointed that we are no longer in their definition link," said Lexico CEO Brian Kariger. "But we continue to work with Google in other areas and look forward to exploring future opportunities in our relationship. Google powers our Web search on Reference.com, and we run AdSense in our network mix." Google could not immediately be reached for comment. Investors had run up GuruNet's stock as high as $26 from the mid-teens a week earlier as reports of a closer Google relationship circulated. On Tuesday, they were apparently disappointed by the extent of the relationship as described in the call, and sent the stock down more than 22 percent in midday trading
Šaltinis: CNET News.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

search.lt news

search.lt presents newest links more »

Japan passes info-tech law to create e-nation

Japan has moved a step closer to Prime Minister Yoshiro Mori's goal of creating an e-nation when parliament approved a bill adopting the Information Technology (IT) revolution as a national goal. more »

The Problems with Online Media in Lithuania

New type of media came to Lithuania. Now it is rather controversial and there are a lot of legal and moral problems to be discussed. more »

search.lt news

search.lt presents newest links more »

Intellectual property rights high on Baltic agenda

Latvian, Lithuanian and Estonian senior government officials, judges and intellectual property specialists gathered in Riga last week more »

Vote-Auction.com Back Online

A Web site offering citizens a chance to auction their vote to the highest bidder is back online today using a pure Internet protocol (IP) address. more »

Philippines Tech Industry Looks To Life After 'Love Bug'

International attention was inadvertently focused on Manila's software community earlier this year when the most damaging computer virus ever released crippled computers worldwide. more »

Ericsson to start developing 3G mobile networks in Estonia

Ericsson's Estonian operation Wednesday launched a unit for third generation mobile network planning that will be designing new networks primarily for the international market. more »

RealNetworks, Sony update audio software

Web media streaming giant RealNetworks has teamed with Sony to introduce a new version of its RealAudio technology, which allows sound to be broadcast via the Internet. more »

3Com lets Audrey out the door

3Com lifted the curtain Tuesday on Audrey, a countertop appliance designed to give gadget-happy families a quick way to surf the Web and shoot off email. more »