Monday, August 01, 2005
Ask Jeeves Search Ad Move Could Hurt Google, Yahoo! - Forbes.com
Ask Jeeves Search Ad Move Could Hurt Google, Yahoo! - Forbes.com
Ask Jeeves Search Ad Move Could Hurt Google, Yahoo!
08.01.05, 10:39 AM ET
IAC/InterActiveCorp
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Standard & Poor's Equity Research reiterated a "hold" rating on IAC/InterActiveCorp (nasdaq: IACI - news - people ) after the company announced the Ask Jeeves search tool will offer sponsored listings. Ask Jeeves is a unit of IAC.
The new initiative will allow the service to compete more directly with Google and Yahoo! "We see this news as modestly negative for Google (nasdaq: GOOG - news - people ) and Yahoo! (nasdaq: YHOO - news - people )," reasoned the research firm.
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