Wednesday, March 09, 2005
Haaretz - Israel News - GuruNet surges another 25 percent after inking revenue-sharing deal with Google:
"The Israeli star on Wall Street yesterday was GuruNet.
The Jerusalem start-up has managed to snare a huge number of headlines since its October 2004 IPO, but not just because of its meteoric share price rise.
The company employs only 25 people, and its revenues, at least for now, are still quite small. GuruNet has yet to even turn a profit.
But the Internet arena is once again hot, and announcements and news about the firm have managed to raise its share price from $5 to over $20.
Another announcement made by the company yesterday pushed GuruNet's stock up another 25 percent during trading on large turnover.
GuruNet reported it has signed an agreement with the Google search engine firm. GuruNet's site, Answers.com, has started to include links to advertisements managed by Google, and the company now has become a distributor for the popular search engine's ads and be paid for it..."
"The Israeli star on Wall Street yesterday was GuruNet.
The Jerusalem start-up has managed to snare a huge number of headlines since its October 2004 IPO, but not just because of its meteoric share price rise.
The company employs only 25 people, and its revenues, at least for now, are still quite small. GuruNet has yet to even turn a profit.
But the Internet arena is once again hot, and announcements and news about the firm have managed to raise its share price from $5 to over $20.
Another announcement made by the company yesterday pushed GuruNet's stock up another 25 percent during trading on large turnover.
GuruNet reported it has signed an agreement with the Google search engine firm. GuruNet's site, Answers.com, has started to include links to advertisements managed by Google, and the company now has become a distributor for the popular search engine's ads and be paid for it..."
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