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Microsoft Decision Triggers RealNames Closure | |
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||
| Time: 09:26 EST/14:26 GMT | News Source: Business Wire | Posted By: Byron Hinson | ||
|
Effective May 13, 2002, RealNames Corporation ceased normal business operations. Eighty-three employees have been terminated as the company begins an orderly wind down. During the wind down process, RealNames will be liquidating its assets and making every effort to maximize their value for the benefit of its creditors and shareholders. RealNames' Keywords work in the Microsoft Internet Explorer browser pursuant to an agreement the two companies reached in March 2000. Microsoft has chosen not to renew its distribution contract, which ends on June 30, 2002, with RealNames. On June 30th, the Keyword service will no longer be available. | ||
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