*Ask Jeeves Takes a Tumble

Share this article:
Online search company AskJeeves.com, which is dependent on ad revenue, saw its stock tumble 60 percent today.


The drop came a day after Yahoo set a new stock low, largely due to fears of a softening online advertising market.


Ask Jeeves shares closed at $3.81, a dive of $5.88.


The fall came after Ask Jeeves said it expects to report fourth-quarter revenue of about $25 million, down from estimates of $36 million. The company expects a loss of 50 cents a share.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions