Wednesday, June 02, 2004
Traffick: Minding the Search Engines' Business:
"Ask Jeeves: How Did That Happen?Ask Jeeves' stock valuation has risen more than tenfold over the past two years. Froth? Bubble? How does a company that was unprofitable and struggling two short years ago make it to a $2 billion market valuation?
It's obviously a bit more than hype at work here. Jeeves' market strength has been sustained enough to suggest that where there's smoke, there must be fire. Investors are accumulating the stock, possibly because someone else might be interested in acquiring Ask Jeeves. But why? Here are some conjectures:..."
"Ask Jeeves: How Did That Happen?Ask Jeeves' stock valuation has risen more than tenfold over the past two years. Froth? Bubble? How does a company that was unprofitable and struggling two short years ago make it to a $2 billion market valuation?
It's obviously a bit more than hype at work here. Jeeves' market strength has been sustained enough to suggest that where there's smoke, there must be fire. Investors are accumulating the stock, possibly because someone else might be interested in acquiring Ask Jeeves. But why? Here are some conjectures:..."
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