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

Microsoft Posts "Critical" Windows XP Patch

Microsoft Corp. posted a "critical" security patch for Windows XP today more »

Steganography, Next Generation

Steganography, the science of burying secret messages within something innocuous, has endured bad publicity recently, with unsubstantiated rumors of missives from Osama bin Laden hidden in images on websites. more »

Some Holiday E-Cards Charge

Just in time to send digital seasons' greetings, several top sites switch to subscription service for increasingly popular cards. more »

IT in play at Olympics

State Department visa system screens coaches, athletes for terrorist connections more »

search.lt news

search.lt presents newest links more »

Microsoft still mulling Liberty Alliance, says Belluzzo

Microsoft Corp. is still examining the Liberty Alliance Project, an Internet user authentication system, and has yet to reach a decision on whether to join the growing number of companies supporting the system, the company's president said Thursday. more »

FBI confirms ‘Magic Lantern’ exists

Spokesman says program being developed but not yet in use more »

November's E-Commerce Rise Smallest Of 2001

E-commerce spending last month rose just 10 percent over November 2000 more »

Game site recovers from Passport glitch

Microsoft's Zone gaming site appeared to be recovering Wednesday, a day after numerous consumers were shut out by glitches related to the site's switchover to the software giant's Passport identity-authentication service. more »

AOL Cuts Its Own Record of MusicNet

America Online, Inc., is releasing it own beta version of MusicNet more »