News on Overture

[StockDoctor]

OVERTURE EXTENDS MSN PARTNERSHIP

SAN FRANCISCO (CBS.MW) -- In a sigh of investor relief, shares of Overture shot up 9 percent on word the paid-listings company extended two contracts with Microsoft.

Overture (OVER) jumped $2.07 to $24.10.

Its contract to provide a search for Microsoft's MSN network December 2003 and was extended to December 2004. A separate deal to provide the "Search Pane" in Microsoft's (MSFT) Internet Explorer browser was to end Monday and was extended through December 2003.

Overture said it expects "no change to its July 25 forecast, including traffic acquisition costs" due to the renewed contract.

The MSN deal includes new sites for Germany and France and a test in Japan once Overture launches there in the fourth quarter.

 

[NamePopper.com]

Interesting. Thanks for the heads up doc!

 

[EM @MAJ.com]

Originally posted by stocdoctor
OVERTURE EXTENDS MSN PARTNERSHIP

SAN FRANCISCO (CBS.MW) -- In a sigh of investor relief, shares of Overture shot up 9 percent on word the paid-listings company extended two contracts with Microsoft.

Overture (OVER) jumped $2.07 to $24.10.

Its contract to provide a search for Microsoft's MSN network December 2003 and was extended to December 2004. A separate deal to provide the "Search Pane" in Microsoft's (MSFT) Internet Explorer browser was to end Monday and was extended through December 2003.

Overture said it expects "no change to its July 25 forecast, including traffic acquisition costs" due to the renewed contract.

The MSN deal includes new sites for Germany and France and a test in Japan once Overture launches there in the fourth quarter.

Did you buy the stock at $2.07 price? I stop playing stocks since last year.

Next time, share it in advance.

Cheers,
tw.

 

[dkny]

jump $2.07 to $24. not jump from $2.07.

 

[EM @MAJ.com]

Thanks for the correction, that's the sign I need to sleep now.

Cheers,
tw.