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

Broadband Service Speedier in Lithuania than in U.S.

South Korea leads the world in providing broadband services. The United States (No. 15) did not make the Top 10 and lag behind Lithuania (No. 14). more »

Gemalto Sets Up Payment Card Personalization Facility in Indonesia

Gemalto, the world leader in digital security, today announced that it will inaugurate its first personalization center in Indonesia before the end of the year. more »

Wincor Nixdorf wins first order from State Bank of India

State Bank of India (SBI), the country’s largest lender, has awarded Wincor Nixdorf and its local partner AGS Infotech an order for 1,000 ATMs. more »

Gemalto's Trusted Services Management Solution Certified by MasterCard

Gemalto today announced it has achieved MasterCard certification for its TSM (Trusted Services Management) offer. more »

SmartCards Expo 2009

International Conference and Exhibition of Smart Card Technology and Applications will show showcase the latest in Smart Cards, e-security, Biometrics, RFID, and e-payments products and solutions. more »

Gemalto acquires Trusted Logic, a leading provider of secure software platforms

Gemalto today announced that it has completed the acquisition of Trusted Logic from its founders and other shareholders. more »

Thales appointed mission system design authority for TALISMAN

Thales UK today announces the signing of a contract valued at around £25m with the UK Ministry of Defence (UK MoD) to undertake the role of Mission System Design Authority (MSDA) for the TALISMAN Urgent Operational Requirement (UOR) programme. more »

Nigeria's InterSwitch Selects Gemalto's Complete Strong Authentication Solution to Secure their e-Payment Services

Gemalto announced that InterSwitch is deploying its complete Ezio strong authentication solution to secure their e-payment services in Nigeria. more »

Directing traffic in cyberspace

Commission calls for international talks on managing internet traffic. more »

Tweeting to God in Israel

Israeli student Alon Nir is using the website as a way for people to communicate with the Almighty. He's preparing people's prayers, posted on Alon's twitter page, to take to Jerusalem's Western Wall. more »