Move Inc. officials, during an earnings presentation Thursday, announced the delay of some technology initiatives that will add community forums and neighborhood information to its property-search sites, including Realtor.com. The relocation of a company data center from California to Phoenix, Ariz., which will cost about $6.5 million, will likely be completed in fourth-quarter 2006 and the enhanced features are on hold until the new data center move is completed, said Mike Long, Move CEO. Move re-branded earlier this year from its former title of Homestore. The company today (NASDAQ:MOVE), reported net income of $1.7 million in the second quarter, compared to net income of $3.3 million in second-quarter 2005. Traffic at the Move.com site, a property-search portal that allows users to se...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.