David Galbraith:

"Overture could become the Inktomi of paid search, beholden to those who own the destination sites, the majority of its revenues come from two partners, one of them being Yahoo. It proved the business model for search, its revenues are impressive and its $1.3 billion valuation quite an achievement, but the business model missed one key ingredient, it doesn't really own the customer. Its growth looks stalled and its future grim."