Major win for Microsoft in the field of Internet Search …
… Verizon Communications Inc has chosen Microsoft Corp to provide Internet search services for cell phones, in what is seen as a blow to rivals Google Inc and Yahoo Inc.
Verizon Chief Executive Ivan Seidenberg said on Wednesday that Microsoft CEO Steve Ballmer would announce the deal later in the day at the Consumer Electronics Show in Las Vegas. Seidenberg, speaking at a Citigroup conference, gave no further details.
The deal follows more than a year of speculation on who would become the default mobile search provider for Verizon Wireless, which is set to surpass AT&T Inc as the No. 1 U.S. mobile carrier after it closes its purchase of smaller operator Alltel later this week.
"It’s certainly a feather in Microsoft’s cap. Tough news for Google and tougher news for Yahoo," CCS Insight analyst John Jackson said of the agreement. …
Source : MSN Money
