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Also, this was a Friday to Monday auction. Four days isn't much time to advertise.
There's just multiple sorts of weirdness here. It makes me curious, that's all.
joined:June 27, 2000
The person behind this is a young fellow in Halmstad, Sweden who also runs Entireweb.com, a search engine. Methinks he bought the innards of the bankrupt Euroseek company dirt cheap from the receiver and is now trying to generate some interest for the system.
Could have done that in a better way. What about some content or service on the site? He bought a lot of domains, links, traffic etc. Plus he apparently had paid much more than what was "bid" at ebay...
Come to speak of entireweb: their results look pretty much like a crippled version of Fast's db?
Not neccesarily. It could also be a fraction of the "bid". In Sweden, the receiver appointed by the court of law is obliged to accept the best price he can get for the assets of a bankrupt company. And there can't have been many buyers for Euroseek's software, trademarks and sites. Perhaps just one. In which case fabulous deals can be made, like buying useful stuff at 1 cent on the dollar or less.
Other than generating interest, it occurs to me that the purpose of the e-bay thing might have been to generate a new - higher - value for the balance sheet. It is a well known technique, when you want to beef up assets. Buy and sell via auctions.
One thing pussles me: The site is not up. There must have been an enourmous amount of hardware on sale here, but perhaps he didn't buy that.
In the US, we often use public auctions to determine or validate the Fair Market Value of properties that are unique and therefore outside the realm of standard appraisals. Given the circumstances surrounding Euroseek, that seems like a possibility here.
We plan to have the engine back online in first week of April. Intially we won't be using the old euroseek database since it is stale and outdated. We plan to partner with another web search provider at first while recrawling and updating the engine. If anyone has a questions, ideas or comments please let me know.
joined:Nov 20, 2000
We haven't decided on who we will use yet. It will either be google or fast while we rebuild the engine. We won't do what infoseek did and just default to overture listings. Our main objective is to get the engine back online with quality, relevant search results. It is also important that users can search in many different languages.