SEL: LookSmart Out in the Cold

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check out the Digging into Search swicki at eurekster.com

Search marketing in the new media era.

April 22, 2005

LookSmart Out in the Cold

Pamela Parker reports that LookSmart is in danger of having its stock delisted from the Nasdaq.

Despite a booming market for paid search, LookSmart's stock has lingered below the $1 mark for more than 30 days, prompting Nasdaq to warn the company of possible delisting.

To continue to be listed on the exchange, LookSmart's shares must trade above $1 for at least 10 of the next 180 days. The bad news comes as other players in search, such as Google and Yahoo!, report strong growth.

Andy Beal | permalink | +marktd |

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