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 »
China's crackdown on pornograhy is gathering pace following reports that 700 Web sites have been shut down and 220 people arrested as authorities try to censor XXX sites
more »
AMD to release Sempron early
more »
Instant messaging software firm Jabber has outlined plans for an XMPP-to-SIP Gateway that opens the door for interoperability with IBM's Lotus IM product
more »
A new vulnerability makes it easier for fraudsters to pass off content from bogus websites as the real thing
more »
search.lt presents newest links
more »
Microsoft CEO Steve Ballmer has criticised the lack of innovation in open source software
more »
European 'variations' will prevent Indian players enjoying same success as in US
more »
Speaking about an on-line
broadcast we mean not only television, we speak about Internet too. In
comparison to television the Internet allows us not only to see and hear on-line
program broadcast, it allows to realize all our ideas and thoughts in practice.
With only one button press we can enjoy a real time view of the wild Africans’
dances or the choppy Baltic Sea via Internet.
more »
A Hungarian virus writer escaped prison yesterday after he was convicted of writing a virus that infected tens of thousands of Windows PCs
more »
Swedish telecomms solutions provider Ericsson said on Monday (28 June) that the Estonian mobile operator EMT had launched its commercial EDGE service by using infrastructure supplied by Ericsson
more »