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

Iraq, its domain and the 'terrorist-funding' owner

The war against Iraq may be drawing to a close but the war over its Internet future is just beginning more »

Windows CE to outship PCs in five years - researcher

In five years' time, more Windows CE devices will be shipping than Windows PCs more »

Government surveillance of online phone calls sparks controversy

Wiretapping takes on a whole new meaning now that phone calls are being made over the Internet, posing legal and technical hurdles for the FBI more »

Hidden cost

The high price of piracy more »

Sex takes backseat to Al-Jazeera site in Internet searches

In spite of being mostly knocked offline, the Web site of Arab satellite news network Al-Jazeera was among the most sought-after on the Internet last week more »

Canada becomes first to ratify NATO expansion

Canada has become the first nation to ratify expansion of the NATO defense alliance, which Latvia and six other nations have been invited to join more »

HP Thinks in 3D for Web Browsing

Hewlett-Packard's future vision of shopping online more »

Writers of Viruses Get Politics Bug

The war hasn't spawned new viruses. Instead, the same old viruses are being sent with new subject lines in the e-mail. more »

Web swarm gathers in the Netherlands

Eyebees, a Dutch-based start-up, has launched a beta version of a software application bearing the company's name that allows users to become either part of or lead an on-line "swarm" as they navigate the Internet more »

search.lt news

search.lt presents newest links more »