Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Wednesday, November 10, 2010

Ask.com : The End of an Era for Search

Today marks the end of Ask.com as a search engine; the once-mighty search giant will lay off the vast majority of its engineers and concede its small piece of the search market to Google and Microsoft.

Ask.com, formerly known as Ask Jeeves, was once one of the world’s most recognizable search engines. It launched in 1996 and quickly grew in popularity with its focus on natural language queries in addition to keyword search. At its peak, Ask.com took care of 2 million queries per day. Its mascot, Jeeves the butler, was well known by millions of people.

In 1999, the company held an IPO and everything looked peachy (as most things did during the Dot Com Bubble). You probably know the rest of the story though; Ask.com started to bleed money and quickly lost relevance in the face of a more agile competitor: Google. Its market share dwindled and its technology stagnated until it was eventually acquired by Internet conglomerate InterActiveCorp for $1.85 billion in 2005.

Five years later, IAC hasn’t found a way to turn the Ask.com search engine into a contender, despite its best efforts. According to Bloomberg, IAC will cut 130 engineering jobs in New Jersey and China, cease development of its algorithmic search technology, and refocus its efforts on the Q&A service it launched this summer.

What is the fate of Ask.com’s search engine, though? Ask.com President Doug Leeds says that it will deliver search results from one of its competitors, not unlike the Microsoft-Yahoo search deal signed last year. IAC already has an existing deal with Google, but Microsoft has been agressive with finding ways to expand Bing’s market share.

From Jeeves to Google

The IAC-owned website is still one of the web’s top destinations and its search revenue has grown in the last year (up 20% to $205 million), but that’s mostly due to its toolbar business. In the heavily competitive market of search, Ask.com didn’t stand a chance against competitors that are constantly launching new features.

Ask.com and Ask Jeeves represent the spirit of the Web 1.0 era; with a good idea and a smart team, you could launch your idea and spread it across the world (and raise excessive amounts of funding in the process). Despite its decline since the tech bubble burst, it has fared much better than many of its other compadres (think Pets.com). It’s a testament to the fact that millions of people still rely on Ask.com as their portal to the rest of the web.

While Google’s approach to search (speed and simplicity) won out, today still marks the end of Ask.com the search engine. It’s truly Google and Microsoft’s market now.

Source :: www.mashable.com

Tuesday, November 9, 2010

Oil spill probe finds no 'conscious decision' to cut corners

Workers aboard the Deepwater Horizon were pushing to complete the well at the heart of the Gulf of Mexico oil spill before the disaster, but no "conscious decision" to cut corners on safety has been discovered, a presidential commission reported Monday.

"There seemed to be a compulsion to get this rig completed in that April 19th-April 20th time period," said Bob Graham, the commission's co-chairman. "And as a result of that, a number of things which might have made the outcome of this plight different were deferred or abandoned."

The undersea gusher erupted with an April 20 explosion aboard the Deepwater Horizon drill rig, which was completing a well for the oil giant BP at the time of the blast. The rig sank two days later, taking 11 men to a watery grave and unleashing the worst oil spill in U.S. history.

The well was about 45 days behind schedule, and Fred Bartlit, the commission's chief counsel, said BP's operating costs for the leased rig were running about $1.5 million per day. Those costs were "overhanging the heads of people on the rigs," Bartlit said -- "but they don't want their buddies to get killed, or themselves."

"To date, we have not seen a single instance where a human being made a conscious decision to favor dollars over safety," he said.

But as the commission opened two days of new hearings into the disaster on Monday, Graham questioned why the timing was "so central" to managers that they did not examine the well's cementing job more closely.
"I would hope that tomorrow we get down to the question of just what was driving for a decision on that particular narrow 24 hours," added Graham, a former U.S. senator and Florida governor.

In its preliminary findings, the commission criticized BP for shifting its plans for capping the completed well. At one point, one of the "company men" on the doomed rig was unaware of changes being planned back on shore, staff attorney Sean Grimsley said.

Mark Bly, BP's executive vice president for safety, told the commission he and the company "don't exactly agree" with the findings.

"In our work we went through what turned out to be the eight critical things we thought had contributed causally here," he said. "We clearly identified the failure to isolate at the bottom of the well and the negative test and, subsequently, the monitoring, so we didn't see the procedures here as particular to that. We felt they were covered in the other things that we described."

Rep. Ed Markey, D-Massachusetts, an outspoken critic of BP, said the company has "a long and sordid history of cutting costs and pushing the limits in search of higher profits."

"When the culture of a company favors risk-taking and cutting corners above other concerns, systemic failures like this oil spill disaster result without direct decisions being made or tradeoffs being considered," Markey said in a written statement on Monday's findings. The Massachusetts Democrat leads the House Energy and Commerce committee's energy and environmental subcommittee.

Still pending are test results on the rig's blowout preventer, the massive fail-safe device that was supposed to shut down the well in case emergency. Federal authorities took control of the preventer in September and have turned it over to a Norwegian engineering firm to analyze the device "from soup to nuts," Bartlit said.

BP, rig owner Transocean and cement contractor Halliburton have pointed fingers at each other since the rig sank. As the well's owner, BP was responsible for capping the ruptured well and cleaning up the more than 200 million gallons of oil that spilled. The well was sealed temporarily in mid-July and capped permanently on September 19.

Lab test results should have prompted managers to redesign the cement slurry used to line the well, the committee reported. In addition, the Transocean drill crew also could have diverted the escaping hydrocarbons overboard or triggered the rig's emergency disconnect before the blast, which could have shut in the well and "limited the impact of any explosion and/or the blowout," the commission stated.

Managers for both BP and Transocean treated a pressure test as a "complete success" despite repeated signs showing that the cement job was not containing the high-pressure oil and gas, the commission found.

Co-chairman William Reilly, a former head of the Environmental Protection Agency, said the evidence so far indicates a "culture of complacency" on the part of both industry and regulators, including the since-disbanded Minerals Management Service.

"If we had not been complacent, I suppose the most obvious reality is we would not have experienced two full months of a gushing well leading to 200 million gallons being spilled," Reilly said. "We would not have seen Congress underfund the regulatory agency consistently over the better part of the last 20 years, and the consequent failure of MMS to rise to the challenges posed by technologies that simply became so sophisticated that they scarcely were any match for the people they were regulating."

The commission's final report is due January 11. Investigations are also under way by the Justice Department, several congressional committees and a joint Coast Guard-Interior Department board.

Unlike those agencies, however, the presidential commission does not have the power to subpoena witnesses -- an issue Bartlit raised several times.

"We get a lot of arguments," he told Graham at one point. "This is where subpoena power, senator, would be helpful, because it's going to be hard to resolve those unless I can sit people down in a room in a very professional, gentlemanly way and cross examine them and find out, you know, what's believable and what's not believable."

Source :: www.cnn.com