IAR: Microsoft Denies Paid-Search Plans
Overture Services and Microsoft denied an analyst's report on Wednesday that said Microsoft would develop its own paid-search service that would put its relationship with Overture in jeopardy.
In a research note, SoundView Technology Group's Jordan Rohan cited an internal memo and remarks Steve Ballmer made last week as evidence that Microsoft, whose MSN service provides about one third of Overture's revenue, would develop its own paid-search platform.
"Overture may attempt to deny the gravity of the evidence," Rohan noted, "yet we believe the implications are clear."
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