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 »
Moto 360, Motorola's upcoming entry into the smartwatch industry, is rumored to be preparing for a July release.
more »
Unisys Corporation has announced Choreographer, a cloud management platform designed to direct and optimise key IT services and processes. Choreographer automates the lifecycle management of data centre and public infrastructure resources to help more efficiently deploy applications in both private and public cloud environments.
more »
This February 24-27, the world’s largest mobile technology exhibition “Mobile World Congress 2014” shall take place in Barcelona.
more »
Unisys Corporation reported a third-quarter 2013 net loss of $11.6 million, or a loss of 26 cents per diluted share, which included $22.6 million of pension expense. In the third quarter of 2012, the company reported a net loss of $12.4 million, or a loss of 28 cents per diluted share, which included $28.9 million of pension expense and $23.1 million of debt reduction charges.
more »
Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of cloud services for delivering, optimizing and securing online content and business applications, today announced plans for future integration of Akamai Unified Performance technology into the Cisco® ISR-AX series of routers.
more »
Microsoft is to allow independent games developers to self-publish on its Xbox One games console. "Indies" will be able to create their own games, publish to the Xbox when they like, and set their own pricing, the computer giant has confirmed.
more »
Nokia has unveiled the Lumia 625, the largest Lumia Windows Phone yet, with a 4.7-inch screen and 4G.
more »
Unisys Corporation (NYSE: UIS) announced the availability of its Unisys Stealth Solution for Amazon Web Services (AWS) designed to enhance security for clients moving data into the cloud.
more »
The Open IPTV Forum (OIPF) has published a profile of HTML5, CSS, DOM3 and other related web technologies aimed at connected TV services and devices that implement a browser-based application environment.
more »
According to new research conducted by Unisys Corporation (NYSE: UIS), a majority of Americans are concerned about data breaches involving large organizations, but are evenly mixed on whether legislation should require private businesses to share cyber attack information with the government.
more »