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 »

WorldSkip Launches European Music Site

WorldSkip USA, Inc. announces the launch of BalkanExport.com, a celebration of Balkan music. more »

Italy charges 1,500 people in child porn inquiry

An Italian prosecutor has charged almost 1,500 Italian and foreign nationals in connection with a investigation into child pornography on the Internet. more »

Congress set to crack down on hackers

Congress has been wrestling with cybercrime legislation ever since the denial-of-service attacks on online retailers such as eBay and Amazon.com earlier this year. more »

Internet Helps Tracking Of Pirated Software - BSA

The Business Software Alliance (BSA), a software industry anti-piracy organization, says that the Internet is a good way to track down offenders. more »

Entertainers Win Internet Ruling

Singer Michael Feinstein and actress Bridget Moynahan should have control of Internet addresses featuring their names, a United Nations panel ruled Thursday. more »

Netcom to Offer Fixed-Wireless Internet in Poland

Sweden's second biggest mobile phone operator Netcom AB said it was expanding into Poland offering high-speed fixed-wireless Internet access and voice over Internet Protocol services. more »

Cell phone technology will soon locate users

Cell phones will give wireless companies a good idea of the whereabouts of customers. more »

The international conference „Information Society 2000“ began

The international scientific practical conference „Information Society 2000“ began in Le Meridien Villon hotel in Vilnius more »

search.lt news

search.lt presents newest links more »