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

Lithuanians Enjoy World‘s Fastest Highest-quality Internet

Recent global broadband Internet studies show that Lithuania has got the fastest Internet in the world as well as is one of the leading countries in terms of Internet service quality. more »

Gemalto to Provide Three Million Identity Cards in Kuwait

Gemalto announces it is delivering national ID cards to Kuwait. more »

Windows Engineer Touches the Future of Computing

Yves Neyrand, the director of test for the Windows Developer Experience team, helped create multitouch functionality for Windows 7 that allows the use of touch to perform actions normally performed with mouse and keyboard. more »

New Retail Stores Connect Consumers With the Best of Microsoft

Microsoft makes retail debut to bring consumers more choice, better value and great customer service. more »

60% of cross border internet shopping orders are refused, says new EU study

There are widespread problems with refusals of orders for EU consumers trying to purchase goods online in another Member state, according to a new European Commission report on cross border consumer e-commerce published today. more »

A new service for DnB NORD e-banking customers – mobile e-signature

Lithuania’s Electronic signature breakthrough program AB DnB NORD Bankas upgraded its Internet Banking system so that customers could log in and sign payments, agreements and other important documents using mobile e-signature. more »

Cisco Education Specializations Help Customers Identify Qualified Learning Partners

Cisco announced the availability of Cisco® Channel Education Specializations to help customers identify Cisco Learning Partners that offer advanced training expertise in specific, sophisticated network technologies. more »

Wincor Nixdorf awarded contract to provide site systems hardware as part of Shell’s Global Site Systems Program

Wincor Nixdorf has extended its relationship with Shell International Petroleum Company Limited (Shell), an affiliate of Royal Dutch Shell plc. more »

AT&T announces first Windows Mobile 6.5 smartphones

AT&T announced two new smartphones based on Microsoft Inc.'s new Windows Mobile 6.5 operating system, HTC's Tilt 2 and Pure. more »

Verizon Business Wins Metro Ethernet Forum European Service Innovation Award

Verizon Business is the winner of the Metro Ethernet Forum’s 2009 European Carrier Ethernet Service Provider of the Year Award for Service Innovation. more »