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 »
search.lt presents newest links
more »
A new e-mail worm that's just beginning to wiggle its way across the Internet scours infected computers for image files containing child pornography, and alerts government agencies if any suspicious files are discovered.
more »
Two Teen Tech Titans Make the Grade
more »
The news that the Meta Group has found that between 65 and 75 percent of WAP users in Europe and Asia are no longer using their WAP services via their mobile phones, is indicative of this market segment.
more »
Trust services firm VeriSign Inc., owner of Network Solutions Inc., the largest registry/registrar in the world, Thursday threw the switch on its long-running Domain-Policy mailing list.
more »
If a Canadian firm successfully follows through with plans to retransmit network television content over the Internet, the multibillion-dollar entertainment industry could be thrown into the same sort of turmoil that the music industry faced because of th
more »
Criminal charges were brought against 90 people and companies Wednesday as part of a joint operation between the Justice Department and the National White Collar Crime Center -- charged with cutting down on Internet fraud.
more »
America Online, Inc.'s Instant Messenger service (AIM) is now available to VoiceStream Corp.'s 4 million subscribers.
more »
The web is often thought of either as a lawless place, filled with pornographers, gamblers, criminals and anarchists, or a vast virtual shopping mall where hordes of crazed consumers are feverishly maxing out their credit cards.
more »
search.lt presents newest links
more »