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

How Wall Street Stole E-Christmas

After weeks of preholiday exuberance, some online retailing stocks have taken a nosedive. more »

Portals and eCommerce Sites Winners of 1999

Internet retail sites experienced the highest growth in popularity of any category of Internet sites in the six months up to the end of November 1999. more »

Prestige 641 ADSL router interoperability

ZyXEL Communications Will Demonstrate ADSL Interoperability with Major DSLAM Partners at International 2000 Consumer Electronics Show more »

CNET: Net Phone Calls Increasingly Popular

Internet telephony soared in popularity during 1999, with more than 12 times the number of calls made over the Internet last year than in 1998. more »

Free Net Access Expected in 2000

Also, Microsoft breaks up, Web-only firms fail, and dot.coms make money in 2000, says IDC analyst. more »

Surprise bills

Local Kozmo.com customers got billed for items they never ordered. more »

"A" is for Amazon

A post-holiday online retailing survey by Ernst & Young found that 26 percent of those polled made an online purchase during the holidays. more »

"Private and secure" shopping experience

Wal-Mart opens doors to new online store. more »

search.lt news

search.lt presents newest links more »

Two glitches hit Microsoft Internet services

Microsoft experienced two glitches with its consumer Internet services, the Hotmail Internet e-mail service and the MoneyCentral.com financial services site. more »