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Late yesterday, LookSmart reported that they received a delisting notice from NASDAQ staff on October 13. Stating that shares in the search company had failed to remain above the $1.00 level, NASDAQ began the process of removing LookSmart from its stock-board under MarketPlace Rule 4450(a).

LookSmart is allowed to request an appeal which will delay delisting pending a decision from the NASDAQ Listing Qualifications Panel. In a press release issued by PRNEWSWIRE, LookSmart CEO David Hills said,

“Maintaining our listing on the Nasdaq National Market is an element ofour strategy to return this company to sustainable growth and increase stockholder value. We are taking appropriate measures to maintain our listing through the request for review and the stockholder meeting on a proposed reverse split. We look forward to providing an update on our operational progress on our next earnings call on October 27th.” (click here to read press release)

There are over 113 million outstanding shares of LookSmart. The majority of shareholders would have to give their approval before the reverse stock split could take place.

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Monday, September 26th, 2005

Don't Buy Junk.com

For budding Internet entrepreneurs Andrew Holt and Rishi Khaitan, building a better mousetrap was the key component in their vision of the upstart comparison search engine dontbuyjunk.com. Behind the sparse front page is a wealth of products, information and consumer recommendations on a wide array of consumer and business electronic goods. Read more…

SurfWax’s Site-Specific Search Tool

SurfWax, a Menlo Park based software developer, has introduced an anticipatory onsite search tool known as LookAhead that makes looking for and finding information on most websites much simpler. Read more…

This was a truly interesting week. On top of the Search Engine Strategies Conference in San Jose, the past five days provided search marketers a front-row view of international economic development, the growth of a media empire, the internal disruptive influence of corporate culture shifts, and a colligate game of “mine is bigger than yours.” While a happy family obligation kept me away from San Jose, the week had several profoundly powerful sleeper stories that show how serious, ironic and silly the world of search is. Read more…

A study of search results displayed at the four major search engines shows that each engine is increasingly producing results that differ from the other engines. In other words, searchers can be reasonably confident that Google, Yahoo, MSN or Ask Jeeves will, more often than not, return results unique to the engine being used. Read more…

Earlier today, Montreal based meta-search engine Mamma.Com announced the beta release of Mamma Health Services, the first of a line of “deep web” vertical search tools planned to be introduced over the next twelve months. Read more…

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Friday, June 3rd, 2005

Yang and Yun and Become.Com

Michael Yang and Yeogirl Yun are two of the most interesting entrepreneurial engineers in the business of search. Representing the business brains and intellectual brawn behind the vertical shopping search engine Become.com, both Yang and Yun have storied histories in the industry. Read more…

Yahoo has officially dropped the Overture brand name from its paid-search products. The company announced plans to drop the Overture name in the North American market at the beginning of March. Yahoo will phase out use of the brand internationally in the coming months though they will retain the Overture name in Japan and South Korea. Read more…

It was only a matter of time before someone took the problems associated with click-fraud to court. In February, a group of advertisers quietly filed a lawsuit against Google, Yahoo, Time Warner (AOL), Ask Jeeves, Disney, Lycos, LookSmart and FindWhat. Read more…

Jon Glick is in the house. Become.com, the new shopping focused vertical search engine, sent out a press release last Tuesday officially announcing the addition of Jon Glick to their team. He’s actually been in their house since Groundhog Day but delayed the announcement so his hiring or presence wouldn’t overshadow the launch of Become.com’s public beta version in mid-March. Read more…