Good News and Bad at Overture
Updated from 8:02 a.m. EDT
Overture Services(OVER Quote) said late Tuesday that its U.S. affiliation agreement with America Online has ended -- a disclosure that looks certain to mean a rocky Wednesday for Overture's volatile stock.
The pay-per-click search engine operator also, as expected, raised financial targets for the year, based on last week's announcement that it had extended a separate affiliation agreement with Yahoo! (YHOO Quote) for three years.
Shares in Overture, the last remaining big Internet advertising growth stock, have moved sharply up and down this year on news related to its affiliates -- the Internet properties that offer visitors Overture's paid-placement search engine in return for a slice of Overture's advertising revenue. ...
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