LookSmart plunges on quarterly outlook
cbs.marketwatchLooksmart failing to gain market share from Google, Yahoo etc...
Michael Paige & August Cole at CBS.MarketWatch report that: There are concerns about "the strength of LookSmart's distribution partnerships, LookSmart must now work to sign up new advertisers as well, which is likely to negatively impact margins going forward and further delay profitability' ...To be sure, LookSmart Chief Executive David Hills conceded that his company 'did not sufficiently deploy sales resources against new advertisers to achieve the projections issued in late October.'"
posted by Jen @ 7:39 AM
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