DISNEY DROPS INFOSEEK JAPAN POPULAR INTERNET SEARCH SITE SOLD.Byline: Jesse Jesse (jĕs`ē), in the Bible, the descendant of Rahab, the grandson of Boaz and Ruth, and the father of David. Referring to the restoration of the Davidic monarchy, the Book of Isaiah speaks of a shoot coming from the "stump of Jesse. Hiestand Staff Writer NORTH HOLLYWOOD - Shedding part of its struggling online venture, Walt Disney Internet Group The Walt Disney Internet Group (WDIG) oversees several websites owned by The Walt Disney Company and its subsidiaries. [1] The division's Disney Online unit operates disney. has sold its search site Infoseek Japan to a Japanese e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. company for about $81 million, the companies announced Thursday. As part of the deal, Rakuten Inc. will give Disney-owned media and Internet ventures, like sports site ESPN.com, prominent play on Infoseek Japan, that nation's fourth-largest search portal. ``Over time, if that content gets richer, we believe there will be value to us in having a close distribution relationship,'' said Mark Handler A software routine that performs a particular task. It often refers to a routine that "handles" an exception of some kind, such as an error, but it can refer to mainstream processes as well. The term is typically used in operating systems and other system software. , who negotiated the deal as executive vice president and managing director of international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. for Walt Disney Internet Group. At this point, Disney's Internet group needs to wring wring v. wrung , wring·ing, wrings v.tr. 1. To twist, squeeze, or compress, especially so as to extract liquid. Often used with out. 2. every bit of value from its operations after reporting a net loss of $217.1 million for the fiscal year ending Sept. 30. In another development Thursday, Walt Disney Internet Group announced that Compaq Computer Corp. will be its preferred technology provider under a three-year agreement valued in aggregate at more than $100 million. Disney officials say the Houston-based computer maker has made a significant commitment to advertise on Disney's Web sites and give Disney prominent position on its computers, while Disney will purchase Compaq servers and other hardware for its online operations. Neither announcement sparked any excitement on Wall Street, where shares of Walt Disney Internet Group lost 44 cents or 8.64 percent to close at $4.625 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The Internet group runs several ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. network-branded sites, including ABC.com and ABCNEWS.com, as well as ESPN.com, Disney.com, Family.com and Go.com, which the search portal Infoseek was renamed after Disney bought it in June 1998. Disney abandoned the portal business earlier this year, relaunching Go.com in September as an ``Internet guide'' focusing on entertainment, recreation and leisure. Infoseek Japan continued to function as a search portal, albeit one that Disney came to see as valuable but not essential to its business. ``With its renowned, proprietary search engine and strong brand, Infoseek Japan is a highly complementary addition to Rakuten's portfolio of online businesses and will enable us to meet our strategic goals,'' Hiroshi Mikitani, Rakuten's president and chief executive officer, said in a statement. Rakuten is a leading provider of online shopping sites and auction systems in Japan. Its online shopping mall alone is one of Japan's largest, with more than 4,900 stores. |
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