Overture is cutting 10 percent of its workforce

[beachlover]

OVER (what a nice ticker symbol, ha?) stated in a new press release that they will cut 100 jobs. Read the full press release here [corporate-ir.net].

The release also says that in April "the average price per paid introduction (PPC) reached $0.40". Furthermore OVER plans to start "Web search before the end of 2003".

[index]

You missed out an important part: "As part of the Altavista acquisition"... AV is the one that needs to save money and OVER doesn't need 2 people doing the same job

[beachlover]

Mmmhhh, and who owns Altavista?

;-)

[TomWaits]

Nice find, Beach.

This was interesting:

Overture expects to integrate the FAST and AltaVista paid inclusion products into one common product within the next 90 days