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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| May 02, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

INTERNET

Overture loses AOL deal, plunges

The Web search firm crashed 36% after AOL chose Google for search services. Overture, formerly GoTo.com, raised Q2 estimates to 23 cents a share due to new tax estimates. It projects '02 revenue of $530 mil to $570 mil and profit of 97 cents to $1.05. On Friday, Overture soared 32% after blowing out Q1 estimates and extending its partnership with Yahoo.

TiVo, a TV recording device maker, will offer AOL features such as instant messaging and live chat to users of its Series2 system.

"Melissa' virus author gets time

David Smith, the New Jersey man who three years ago unleashed a computer bug that caused an estimated $1.2 bil in damage, was sentenced in federal court to 20 months in prison. The ex-AT&T computer programmer pleaded guilty in Dec. '99 to spreading the virus to cause damage.

MEDICAL

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