The company faced additional legislation against then-named FindWhat.com, alleging both manual and automated fraud in an affiliate agreement with Advertising.com.

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The revised deal to acquire Espotting came at terms that are more favorable to FindWhat, and the benefits of that acquisition have not been factored into 2004 forecasts, says Ragas.

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Kennedy is also buying Internet advertising company FindWhat.com (nasdaq: FWHT - news - people ) and biopharmaceutical firm Flamel Technologies (nasdaq: FLML - news - people ).

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