Time Warner's CNN.com
For its part, Google says it will replace BellSouth's
If anything, the various announcements demonstrate that Yahoo! and Google are increasingly stepping on each other's toes. And it's no wonder. Overture pioneered pay-per-click searches, which have become a big business expected to generate as much as $4 billion annually by 2005, according to published reports. Google and others, likeAskJeeves
Similarly, Google is the heavy in powering searches of corporate websites, with 130 business customers. A search of its 2003 10-K reveals no such numbers for Yahoo!, but the CNN deal demonstrates that the relationship with Overture gives it a fighting chance in corporate search. Citigroup's
What does it all mean for investors? Nothing yet. This is a competition worth watching for its entertainment value. Over time, the various parries in the news may give clues as to who will dominate the market. You might try playing press release bingo with each company's announcements to get an early indicator. (Write me if you do.)
But don't expect to see investing opportunities soon. As Fools know, long-term gains in the market are rarely fueled by hype.
Time Warner is one of David Gardner's recommendations in Motley Fool Stock Advisor . To discover the others, and see which companies his brother Tom has deemed worthy, sign up for six months with a money-back guarantee.
Motley Fool contributor Tim Beyers thinks Google rocks for Web research, but he depends on Yahoo! Finance. He owns no stake in either company, or any of the firms mentioned in this story. You can view his Fool profile here.