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The funding comes amid a market slump for e-commerce and Internet shares. Ask Jeeves, for instance, closed down 81 cents today to $17.94, nearing the company's 52-week low of $14 set last June. The company's president, Ted Briscoe, resigned last month with the stock down more than 80 percent for the year.
I am still keeping Jeeves' slab in the dot com morgue chilled.