Google And Yahoo Settle Patent Dispute
By Chris Richardson
Staff Writer
Article Date: 2004-08-09
A patent disagreement between Google's AdWords and Yahoo's Overture was settled today by the search engine giants. To help settle the dispute, Google issued an additional 2.7 million shares of Google's stock. Through earlier agreements, Yahoo already possessed 5.5 million shares of Google stock.
The dispute claimed that Google's AdWords program had violated Overture's intellectual property rights by displaying ads next to search engine results. Has reported in Bloomberg.com, because of the settlement, Google is expected to post a 3rd quarter loss between $260 and $290 million dollars.
The settlement also calls for Google to license Overture's patent. Because these agreements have been reached, the patent suit has been dropped.
Some are speculating that the announcement of the 3rd quarter loss will cause the public to have a negative reaction towards Google when their stock becomes available. The search engine is expected to launch the sale of the stock at some point this month.
About the Author:
Chris Richardson is a search engine writer and editor for WebProNews. Visit WebProNews for the latest search news.
