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October 24, 2004
GuruNet
I'd never even heard of this search site until yesterday, when I saw a big ad in the Wall Street Journal announcing that the company had gone public this past Monday at $5 a share.
It's on the American Stock Exchange with the symbol GRU in case you feel like taking a loss for income tax purposes.
How could anyone in her or his right mind possibly invest their hard-earned pesos in this turkey?
I mean, there are so many old and new search sites out there, all trying to be the next Google, I've lost count.
I've stopped trying new ones because none of 'em are even close to Google, no matter how much more efficient/clever/discriminating they purport to be.
And what's with the hippie-dippy internet bubble circa 2000 name?
Please - save your money for fun, useful things.
October 24, 2004 at 10:01 AM | Permalink
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Comments
I wondered what happened to them! They've been around since the turn of the century - hence the anachronistic name - and they had this magnificent technology that allowed you to highlight any word in a web page and it'd automatically give you the definition, or if it was a place name, it'd give you a map etc (the arms of the little logo would highlight and rotate as it was searching). Waaaaay cool, and only one other company was offering a similar service. And then it disappeared, as did the other service. So I've no idea what happened, or why they're still around and now public on the stock market, but I could take a wild stab in the dark and say that after beta testing their product for free it was far too ingenious and pioneering and now their licensing their technology to great financial gain.
Oh, and for a great book on the British internet bubble, try dot.bomb by Rory Cellan-Jones, internet and business correspondent for the BBC.
Posted by: Russ | Oct 24, 2004 1:13:07 PM

