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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ) -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (461)4/29/2002 6:55:02 PM
From: 10K a day  Read Replies (1) | Respond to of 838
 
I say if you track managment's bullshit from 128- 150 or 160 or whatever it was...it would make you ...Oh nevermind...I am like a scorned woman on this stock...I acutally didn't lose much money on this POS...believe it or not...



To: rrufff who wrote (461)5/1/2002 12:56:01 PM
From: StockDung  Respond to of 838
 
ASK AOL->Overture Loses AOL Contract to Google; Shares Tumble (Update4)
By Adam Steinhauer

Pasadena, California, May 1 (Bloomberg) -- Overture Services Inc. shares fell as much as 41 percent after America Online, the largest Internet-access company, replaced the Web search service with rival Google Inc. Overture said 2003 profit will fall short of estimates.

Overture charges companies to have their Web sites listed prominently in Internet search results. Without AOL, a unit of AOL Time Warner Inc. with 34.6 million Internet customers, Overture's search service will be used by fewer people.

``I'm disappointed to see AOL not re-sign'' its contract, said Paul Cook, who manages $1.5 billion in technology stocks at Munder Capital Management Inc. The firm owns Overture shares. ``They provided a really wide range of earnings guidance. I think that's troubled people a little bit.''

Overture said it will have a profit of 53 cents to 83 cents a share in 2003, less than the 88-cent average estimate of analysts polled by Thomson Financial/First Call. Second-quarter profit will be 23 cents, lower than the 25-cent analyst estimate, Overture said.

Shares of Pasadena, California-based Overture, formerly known as GoTo.com Inc., fell $13.18 to $21.01 in early afternoon trading. Earlier, they fell as low as $20.26. The stock had fallen 3.5 percent this year.

AOL isn't the first to drop Overture this year. EarthLink Inc., the third-largest U.S. Internet service provider, switched to closely held Google in January. Overture said at the time the loss of EarthLink wouldn't have a material affect on its financial results.

Google

Overture provided search services to AOL in the U.S. Analysts said the two companies had been negotiating a longer-term agreement. AOL granted a one-month extension in March.

Google's paid listings will begin appearing on Dulles, Virginia-based America Online's services, including Netscape and CompuServe, immediately, the companies said. Financial terms of the agreement weren't disclosed.

AOL shares fell 39 cents to $18.63.

Google was founded by two Stanford University students who developed a technology that evaluates the relevance of Web pages to perform searches on the Internet.

On Friday, Yahoo! Inc., owner of the most-used group of Internet sites, extended its use of Overture's service for three years.

In August 2000, America Online agreed to display Overture's listings on the search results page of AOL, AOL.com and Netscape's Netcenter, Overture said in a 10-K filing with U.S. Securities and Exchange Commission. The 19-month contract called for a guaranteed payment by Overture of $50 million, the filing said.



To: rrufff who wrote (461)5/1/2002 8:52:57 PM
From: StockDung  Read Replies (1) | Respond to of 838
 
FOOL WATCH->AOL Overthrows Overture

Where's the crescendo in the overture? Shares of search engine specialist Overture (Nasdaq: OVER) created investor cacophony and fell 33% today as it was passed over by AOL Time Warner (NYSE: AOL). America Online instead will be handing over the reins for its stateside search functions to Google. It's a trying chapter in what was one of the few feel-good dot-com stories.

Overture proved to be a profitable visionary when it started out as GoTo.com. At a time when Internet content providers were pricing out ads by volume, GoTo rolled out performance-based paid listings. Advertisers would bid on search keywords and the site would list them based on who would pay more for the potential click-through. While skeptics questioned the ethics of paid listings, GoTo was transparent in letting everyone know how much each company was paying for the click. GoTo was never the biggest, but it was the profitable standout.

Now that Google has introduced its performance-based AdWords Select service -- with Overture weighing the legal ramifications of the copycat move -- America Online found a tempting alternative for sponsored search links. It's still a shock to the system. Last week, Yahoo! (Nasdaq: YHOO) extended its agreement for performance-based text ads with Overture despite relying on Google's traditional search technology. With Overture producing solid first-quarter results and now upping its second-quarter profit guidance, investors figured that Google and Overture could live together in harmony.

Apparently not. The search for peace appears fleeting now -- but you can always bid for it on either Google or Overture.

Discussion Board of the Day: AOL Time Warner

What does AOL stand to gain in the move to Google? If sharing the playing field was good enough for Yahoo!, why didn't it work for America Online? All this and more -- in the AOL Time Warner Discussion Board. Only on Fool.com.