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 »
Internet cafe users in China have long been subject to an extraordinary range of controls
more »
Internet cafe users in China have long been subject to an extraordinary range of controls
more »
The European Commission said Sunday that it would not enforce a Monday deadline for Microsoft to start selling a modified version of its Windows operating system in Europe
more »
The woman who launched the controversy over electronic voting machines has formed a nonprofit consumer group that plans to investigate election officials
more »
The Chinese government is calling on Internet service providers to sign a "self-discipline pact" meant to stop the spread of information that could harm national security as defined by Beijing
more »
search.lt presents newest links
more »
The Royal Courts of Justice and six other courts around the UK have been kitted out with wireless Internet "hotspots" as part of measures to help modernise the legal system
more »
Intel on Thursday will offer an early look at its latest chipsets at a pair of events in New York and San Francisco
more »
Some useful citizen has written a virus which targets mobile phones running the Symbian operating system
more »
On
the 25-27 of May for the first time in Lithuania “Competitions of the Robots”
for the students of universities and engineers from different countries took
place in the Lithuanian Exhibition
Centre “Litexpo”. More >>>
more »