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

Trojan poses as naked XXX pics

Windows users were warned today to be on their guard for a new Trojan that poses as a racy attachment to a saucy email more »

Scandinavia leads in Net access

Global ranking of communications technology puts U.S. at No. 11, while Sweden takes top spot more »

search.lt news

search.lt presents newest links more »

Worm variant targets PayPal users

Credit card harvester 'MiMail I' spreading worldwide more »

Microsoft: Virtual PC Will Run Linux

Microsoft Corp. on Monday will announce the release of its Virtual PC technology to manufacturing more »

search.lt news

search.lt presents newest links more »

Vodafone to offer Blackberry devices in European markets

European powerhouse Vodafone Group plc announced it will begin selling BlackBerry devices and servers from Research In Motion Ltd more »

$1.3B Expected for Online Auto Ads

The automotive industry will drive online spending to a projected $1.3 billion by the end of 2003, according to data from Borrell Associates Inc., representing a 15 percent increase over 2002 more »

Cybersecurity a balancing act, former FBI head says

The U.S. government doesn't have the ability to crack some sophisticated types of encryption, putting investigators of terrorism threats at a disadvantage more »

Aussies Do It Right: E-Voting

While critics in the United States grow more concerned each day about the insecurity of electronic voting machines, Australians designed a system two years ago that addressed and eased most of those concerns more »