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| Author | Topic: AskJeeves.com (ASKJ) |
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bobcobb |
Some more NetEffect customers are: BellSouth Corp., Dell Computer Corp., Iomega Corp., Martha Stewart Living Omnimedia, Inc., Microsoft Corp. and Williams-Sonoma, Inc. I really like this purchase for askjeeves. He's not just a silly butler anymore. Net effect will allow AskJeeves to link customers to online help experts on its own site and on the sites that NetEffects already services. This is a great extension of the company's service. bob |
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netinvestor |
Ask Jeeves agreed to buy Net Effect Systems for $288 million in stock. Net Effect allows Jeeves to provide a live-help Web-searching service. Net effect also has two major customers... Yahoo and SBC Communications. I wonder what Yahoo will be doing about this? |
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InvestorGuide Weekly Administrator |
AskJeeves made an important licensing deal with entertainment agent legend Michael Ovitz, seemingly validating AskJeeves' approach to searching the internet. http://news.cnet.com/news/0-1005-200-1424700.html |
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banka |
Yesterday's run-up surpised me. ASKJ already had a deal with Microsoft to put AskJeeves' technology in Windows 98. This was a big deal (think about how many people use Windows 98). But having Microsoft use the technology on for its customer support doesn't seem like as big of a deal to me, and the stock was up something like 30% on the news. Or maybe I'm missing something here? |
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MaxPower |
Ask Jeeves said Microsoft will expand its use of Ask Jeeves' "Corporate Question Answering Service" on Microsoft's personal online support site, and this the reason for the stock soar yesterday. |
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infooverload |
MP - do you see this as a positive or negative...AskJeeves is going to have a huge 16 ft butler balloon in the Macy's Thanksgiving day parade. The grumblings I've heard centered around the feeling that this is just another Internet company wasting IPO dollars on worthless advertising campaigns. But my feeling is that this is a great move - millions of people watch this parade every year, and many people even develop relationships with the balloons - they wait all day just to see their favorites. This is a great move for not only branding and loyalty, but to get an increasingly underappreciated but incredibly important offline presence. I'd say this kind of move is worth more than most of their static banner ads you see (and probably ignore) all around the net...Thoughts? |
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MaxPower |
Both a negative quote and a positive quote from Matt Ragas: (-) -> "The good butler's not always perfect with all of his answers, though. Let's just say that Jeeves makes an attempt to answer all questions. For example, I'm sure he couldn't tell you why the company's stock has dropped 58% from its 52-week high. If he could, maybe Internet companies could start cleaning out their investor relations departments..." (+) -> "...one of Jeeves' biggest problems seems to be the fact that the Street still views Jeeves largely as being a business-to-consumer search engine. If anything, the most attractive segment of its business, in my mind, is the company's rapidly growing corporate search business. It is this mix of servicing corporations and consumers that is already providing Jeeves with meaningful multiple revenue streams." |
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newsman |
I found this interesting: With retailers expected to ring up $4 billion in online sales this holiday season, traditional retailers are making sure they're prepared for the demand. Office Depot and Williams-Sonoma inked a deal to get that cyber support from AskJeeves. AskJeeves' technology will serve to provide customer support or help consumers make buying decisions at the Office Depot and Williams-Sonoma virtual stores. The retailers join a number of companies that currently use AskJeeves' corporate question answering service, including ETrade, BellSouth, Compaq, and Dell. This corporate service accounts for more than 30% of AskJeeves' sales, up from 6% in the first quarter of this year. I wasn't very impressed with the AskJeeves site and I didn't see how they were going to build a sustainable business model from it, but now I think I do. |
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diligence |
2Q numbers (and growth over 1Q): revenues $2.7 million (+145%) losses $10 million (+105%) unique visitors 3.1 million (+63%) page views 269 million (+74%) A lot of this growth is probably due to the IPO hype. It will be interesting to see how fast these numbers grow next quarter. To sustain the current price I'd be looking for 50%+ growth in each (except losses, hopefully)... |
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smario |
Quote from the article: "My advice? If you need a search engine, use a search engine. If you need a butler, find a real one. This Jeeves can handle neither job with the confidence and savoir-faire of a professional." I felt the same way after trying the site out a few times. At best, Ask Jeeves is a mediocre metacrawler... |
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Art Vandelay |
This guy says AskJeeves is lame as a search engine: http://www.businessweek.com/cgi-bin/ebiz/ebiz_frame.pl?url=/ebiz/9907/el0709.htm |
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daffy |
The key will be whether they can continue their rapid growth. They claim to currently be at 1.9 million questions per day and growing by 30% a month. I wouldn't worry about revenues yet, but if traffic growth falls off, this stock will drop like a lead balloon. |
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Mayor of Investorville Administrator |
AskJeeves.com operates a natural-language search service. The company sold 3 million shares at $14 in its July 1 IPO, and trading began at $72. |
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