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 »
Expect little interference in B2B exchanges from FTC, says Leary
more »
Monday morning's crowds outside JavaOne, the Sun-sponsored conference for people who code in the cross-platform Java programming language, was probably one for the record books, even by San Francisco standards.
more »
A few feel-good touches can't redeem the COE treaty, or the closed-door process that produced it.
more »
The Internet Corporation for Names and Numbers (ICANN) wrapped up its weekend meetings in Stockholm early Monday morning with a variety of decisions aimed at bringing its version of stability to the Internet.
more »
search.lt presents newest links
more »
If you're the kind who sees a conspiracy behind every rock, EA.com has the game for you.
more »
The top four Internet nations in terms of the number of pages viewed per person are all in the Asia-Pacific region, according to an April study of global Internet usage.
more »
Companies that for the most part have agreed to disagree appear to be making an exception when it comes to Web services
more »
Thanks largely to the instant gratification offered by digital cameras, Polaroid Corp. sees a difficult future for film sales
more »
Causes users to delete files
more »