GuruNet's stock fell back to Earth on Tuesday after the company revealed the extent of its tightening relationship with Google
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.
The most popular articles
Software company announced new structure_ of it_s business.
more »
As the 108th Congress scrambles in its final days to address homeland security issues, U.S. Reps. Mac Thornberry and Zoe Lofgren are focusing on the state of U.S. cybersecurity
more »
Security firms are warning of a new series of Sdbot worms that install a "sniffer" component to steal passwords from unsuspecting users
more »
Microsoft's undeclared patent claims on Sender ID technology is holding up adoption of the e-mail authentication specification
more »
search.lt presents newest links
more »
Microsoft has been granted a patent from the U.S. Patent and Trademark Office on a process known as tabbing through a Web page in order to find links
more »
search.lt presents newest links
more »
UzJilSberBank (Uzbek housing construction bank) completed a project of introduction of plastic cards at Almalyk Mining and Smelting Combine
more »
Recent decisions suggest that U.S. courts are more likely to protect an online database if the work involved was tilted towards the compilation of data itself as opposed to the technology used to gather it
more »
Touch-screen machines brought in to replace the punch-card ballots at the center of the 2000 presidential fiasco appeared to work smoothly in primary voting Tuesday
more »
Shruggle virus could be 'a taste of things to come', warn experts
more »