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Dana
I don't think listing for the competitor is a PPC sponsored listing from Overture. Those listings are clearly marked under a header "Sponsored Listings" and this was not the case in the MSN serps. It could be an Inktomi PFI listing, the listing also shows up in Position Tech's pure search (but not in Yahoo.) However, PFI submissions just allow submission by url and not by keyword, so I don't know why the competitor is showing up for djsstb's company name.
So the mystery continues?