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LookingConfident

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  1. In reply to: quiktrade_1 on Monday 08/05/06 04:13pm Thanks for reminding me Quik ..... But will it go even lower?? What do you think? No good buying them for .79cps in the morning, if they can get down around the .75cps mark, is it? Or, do you feel they could even go lower that that? Thanks for your "expert" opinion, once again! http://www.sharescene.com/html/emoticons/smile.gif LC ps; You still holding BQT? A big move there late, I see .... MMmm? Genner must be back from Nigeria with the "news" ??? Another post office possibly? Or, even security for the Nigerian test cricket team's two cricket bats??
  2. In reply to: quiktrade_1 on Monday 08/05/06 07:33am < .. Yet another 52 week low for SOT. > And may even break that recorded "low", again today? This stock is in a "down trend" Quiktrade_1 .... How long will you hang onto it? What does your T/A say?? What has it been saying, since it was up around the $1.52cps level?? I'm most interested in an "entry" point? Cheers !! http://www.sharescene.com/html/emoticons/smile.gif LC
  3. LookingConfident

    LOK

    In reply to: filament on Sunday 07/05/06 06:39pm < Looks like a target of $4.50 and a head and shoulders type pattern unfolding.> IS THAT TOMORROW? Is that what you are saying?? I mean, Looksmart (LOOK) closed (very oversold, IMHO) on friday in the US @ $4.52c after coming back up, off of a low of $4.25c, during the day. With the current exchange rate of $1.29525c, and inspite of a declining $US, this gives LOK an approx "value", of $5.85c, for monday. I'm not sure of where you think the sellers are going to come from, to reach your target figure ...... Maybe a "re-calculation" by you, possibly? Cheers !! http://www.sharescene.com/html/emoticons/smile.gif LC
  4. LookingConfident

    LOK

    In reply to: LookingConfident on Sunday 07/05/06 12:49pm NWS - And a Rupert Murdoch "Buy-in" ?? And here is a Fox property, with Looksmart "written all over it", already!! http://www.google.com.au/search?client=fir...G=Google+Search Florida Gators Football .... http://www.looksmartmiami.com/p/search?qt=...Marlins&sb=furl (Note the indexing of the Florida.scout.com article, in Looksmart's Vertical, Looksmartcities - Miami) http://florida.scout.com/ http://www.sharescene.com/html/emoticons/smile.gif LC
  5. LookingConfident

    LOK

    NWS - And a Rupert Murdoch "Buy-in" ?? A reply (from me) to another member within a private Google Group board, where Looksmart shareholders get to post their thoughts on the stock, daily ....... We are discussing the market's lack of response to an announced "partnership" with FoxTV Sites, within Looksmart's CC last thursday .... Thanks for your reply Mike ..... < ........and sadly Ross the stock market flicked it off much the same way they did when it was revealed they were working with Viacom and NYT. > Yes, if the stock markets only knew of it, then it may have been a different story, possibly. Ask yourself ..... How many people in both stockmarkets happen to listen to Looksmart's CC (let alone any, actual Looksmart shareholders) and of them, how many of these would know the real significances of this "new" partner for Looksmart, (in Fox TV Sites) .... And that there are 35 of these sites, in all !! Had David Hills posted an announcement that told the market of this "new" partnership, and told the market of a strategy (if there is one) fully involving publisher & media Co's and one surrounding their millions of articles they have, is it possible then, that the market may have then treated Look's Q1 report friday, in a different manner? I think so and I'm sure other group members would feel the same..... In fact, with Viacom and NYT, (again) I'll say .... There was very little fanfare ... NO bold lights or, bold headings ..... Why? ....Because Dave Hills has also reminded us that his mission is to provide long term value for shareholders and that he "couldn't give a fig" about the share price value, in the short term ......If he had the latter "in mind" he would have been pumping away prior to the "reverse split", to try and avoid a need for it .... Or, at least, (on the reverse split), the low share price was then, a reasonable enough excuse, for the need to have one .... What I am saying is, that Looksmart's shareprice value has been "kept" down at these levels for a more important reason. And that this "real" reason (a Murdoch "buy-in") will 'unfold' over the next couple of weeks, I believe .... And I don't think I am talking through my pockets!! The fact remains that a "buy-in" wasn't possible UNLESS a 'reverse split' was enacted!! The reverse split has now made available some 170M shares in Looksmart, (they are permitted 200M on their register) that have (& as a result of the reverse split, now) become available to make strategic purchases (some all script deals, possibly?) or, allow any such "buy-in", to go ahead, & occur. If Looksmart was being prepared for or, there was ever a potential to be sold 'outright' and Rupert Murdoch was an interested buyer, he (naturally), would have made the purchase "lock stock & barrel", long before today, I feel. And you have also said ..... Rupert Murdoch promised the market he would be securing his Search Engine in mid-May. Back to the share price and it's current 'oversold' situation ..... Looksmart as per tradition enjoyed it's "usual" run-up, prior to reporting it's Q1 results. On the friday, a week before this event, LOOK's share price traded as low as $4.85cps ... So, the 'peak' (of $5.26c) or, close of the day on thursday, actually represented a rise in one week, of some .41cps, or, 8.5% ..... 28-Apr-06 4.88 5.01 4.85 4.96 71,100 4.96 Not convincing enough, was the market's response on friday .... Yet, activity in the A/Hrs (following the report on thursday) was "non-existent" with barely a "seller" in sight. (There were only 2 trades for around 1100 shares only, and @ the close, of $5.26cps). So, maybe a strategy was put into place, 'overnight', for friday in the US? Who knows?? http://www.sharescene.com/html/emoticons/smile.gif LC
  6. LookingConfident

    LOK

    QUOTE (quiktrade_1 @ Saturday 06/05/06 07:45am) < Still want to discount my reversal call at $5.75? > LOOK "hit" that 12 month "high", on march 29th through the course of the day and closed (that day), @ $5.44cps 29-Mar-06 5.68 5.75 5.42 5.44 140,800 5.44 Now do me a favour ..... Dig out the post, copy it and paste it onto the board here, where you ever mention a "reversal call", prior to it happening. OK? Now, I don't expect a reply. Why? Because you never made such a call, as you have claimed ... Just as you have also posted ......... < Ross says that: ...... losing Lycos is a good thing > And I am still waiting for you to "dig" that up for me, too ...(look has lost lycos - quiktrade_1) As a matter of fact, I'll make a point of boldly posting here that you cannot find an answer to either of those above requests, for claims you have made ..... But you make them, all the same! It's a bad habit to develop in life, is my experience in living some 61 years of it .....Honesty and truthfulness go together just as birds of a feather do ...... Show me your friends and I'll tell you what you are ....But if you lie down with a dog ......you get fleas!! LOL !! Nice call, Quiktrade_1 http://www.sharescene.com/html/emoticons/smile.gif LC
  7. LookingConfident

    LOK

    QUOTE (quiktrade_1 @ Friday 05/05/06 12:53pm) Hi Quiktrade_1 ...... < Should be a red day for LOOK tomorrow > I'm not sure what you have based this on. Looksmart's Q1 report, perhaps? I suppose, on the surface, it would be a fair "guess" when breezing through the numbers ..... I broke it down to some pretty 'raw' (basic) thoughts. Looksmart have told us that unique visitors to their sites, have grown from 9M up to, a now 12M, (an increase of 33%) and that this figure of visitors have produced $10.5M in revenues. So, Under a (3 months) 'period' mean average, and by applying a rough 'rule of thumb', 10M 'visitors' will give you $10M in revenues/quarter. So, the obvious solution to increase revenues, (we'd agree), is to increase your 'visitors'. Now, within the Looksmart CC today, the CEO (twice) mentioned a ..... "new partner in Rupert Murdoch's FOX TV Stations", is what he said. As yet (& in my previous post I mentioned) it is not known, as to the extend of this remarkable 'deal'. And I say remarkable, but not unexpected. For many months now I have told of a possible NWS "hook-up" and as late as your own post today, you, and many others have laughed at, the very thought of a "Rupert Buy-in". It's all a "step at a time" and today's matter of fact dropping the news of a partnership is typical of the manner CEO Dave Hills has introduced 'other' Top Tier publisher/media Co partners, in The NY Times, Viacom's CBS Local TV Sites and IACI's Ask.com. Dave Hills has often talked of long term shareholder value and isn't "blowing his trumpet" to cause any short term share price 'spikes', so to speak. But, how many 'visitors' (I wonder) does FOX TV's 35 television stations get us up to, in due course? And if my 'hunch' is correct and NWS do happen to 'buy a controlling stake' in Looksmart, well the sky is the limit!! Rather then say, why should they, let me put it to you, why wouldn't they? If you have any though of a possible content consortium being put together, I'd suggest to you that NWS would be silly not to want (to enjoy) a 'lion share' return of revenues generated. I figured that no matter what it would cost for them to get 60% (that's all that would be required) of Looksmart, LOOK's shareprice value, would jump alarmingly, on any such announcement. Why? NWS now have over 75M "unique visitors", per month! So it's now fair so say, upwards of 100M 'users' could potentially be utilising Looksmart search, one way or, the other. (On my above 'rough' equation, that $100M in Q Revs, for Looksmart). So, that 60% buy-in cost, that doubles the Market CAP in the 1st instance, provides "cash" for Looksmart to make a strategic purchase or, two and in reality, whatever they pay to get "in" they (in reality) would immediately "own" 60% of it, anyway!! (Look's new Market CAP). I was asked to comment (a few days back), when a poster advised of an ......... < Interesting article in the NY Times the other day in regards to NWS's battle to commercialize Myspace.com considering it gets the second highest amount of page views in the world and NWS’s general battle to drive good margins from the web. > It was suggested that ........< Making Friends Was Easy. Big Profit Is Tougher - > I had already suggested to Bambi, that ...(within a Content Consortium) "Most (or,a lot) who frequent these “social†sites, (myspace.com, etc) also study full time. They “can†then get the opportunity to mix some leisure with pleasure and still get to prepare a report (or, an assignment), at the same time, they are "interacting". And that Looksmart have, both the expertise and “tools†to ensure a long lasting success of any “venture†of this type and a Licensed Furl on each publisher/media Co’s individual site, then allows “users†to “save & share†what is relevant to that site’s own (age) “group culture†and at the same time they then get to “share†their ‘finds’, with users on both myspace.com & other newspaper/magazine sites, all over the world". And, I then went on to answer some of the 'general' advantages for a NWS 'involvement', (when he said: < The point is the margin not the method >), as follows: (some of this is repetitive, sorry) My point has been all along, if NWS were to buy "into" Looksmart they would then get it from both "ends". A 60% invested "controlling stake" will see their initial investment amount "double" in value when the market get to hear of it, for starters! But whatever that 60% "cost" them, they effectively now "own" 60% of the 'new' Market Cap that is bestowed on LOOK. So, how much does it "really" cost to make such a move? Think about it???? They then "own" 60% of all future profit generated by their (new) interest, in Looksmart. Their investment also allows Looksmart to make some strategic aquisitions to compliment the overall stratergy (eg; INCX's Local.com for starters) and also gives Looksmart some 'breathing space', to add manpower expertise to their effort. Not only the likes of myspace.com get to initially help generate (a minimum) 78% Adsense revenues from Looksmart's Vertical result's pages, we are now on display to millions of additional users daily, through ALL of (NWS's) publications, (right down to their, well over 100, 'free' local papers here in OZ). All Local newspaper (here) can now have their "own" (and now more meaningful) sites (localised) to 'fit' each publication's specific "local" conditions. Interaction between a local publication and it's own website then "comes alive" all of a sudden and Google is encouraged to "top up" (locally), any web page (Looksmart's) results that haven't already been filled by NWS's own (existing), those print division advertisers who can all be initially levied with a % "top-up" marginal fee, (over their print cost) for an automatic high ranking ('cocked up') appearance in Local search results, conducted within the websites (say max 30km radius, only), of an area's Local paper. All print division advertisors would also pay a minimum (introductory) "click through" fee (of say, .15cpc ?) with a minimum monthly spend, of say, $15.00 per advertiser. Can't they afford that? Of course they can!! And again, with simple & easy "interactions" between the print copy advertisers, (eg: announce randomly, on any given, run of the free "local" paper page, hidden with an article or, an advertisement (?) even, (maybe ?), that there are $50.00 cash prizes "hidden" in/on their Local.com websites. 1st to 'claim', wins the prizes each week!! One payout only, per advertiser. They then gauge the number of cash prize claiments back to them, (the total number of actual phone ins), as to the success of these type promotions!! (They will then report the winner to the paper, that then does a "head & shoulder" photo of all weekly winners, etc, as part of the promo's .... I could go on and on ...... but I won't !! Don't even dare to ask me how "Local" schools all over the world can also become involved (with easy promotions "involving" participation incentive contributions, to a school's annual fund raising targets), by the setting of suitable homework projects or, centered around search results, again with article's content provided within Looksmart's Vertical's!!!! And you are worried about 'skinny' margins? I'll show you a 100% increase on current margins, if you care to have a good LOOK at where it's all going to come from. It's all "fat" contained within NWS's "existing" Ads customers, on a local level. Yes, at the 'coal face'. Their $$$$'s are the same, aren't they??!!! Cheers !! http://www.sharescene.com/html/emoticons/smile.gif LC Quiktrade_1 .... Does it matter if it is RED or, GREEN tonight, in the real context of time? But I think it will be GREEN. pps: Do I get the L-O-N-G-E-S-T post award???
  8. NWS had a great day today, up 2.3% at the close. This didn't surprise me at all with sentiment with it strongly, of late. A strong performance overnight in the US too .....Large volume. NEWS CORP (NYSE:NWS) Last Trade: 18.73 Trade Time: May 4 Change: Up 0.33 (1.79%) Prev Close: 18.40 Open: 18.40 Day's Range: 18.40 - 18.79 52wk Range: 14.76 - 19.07 Volume: 2,519,900 Avg Vol (3m): 1,684,140 I've mentioned before I don't hold this stock but remain a fan of it's internet stratergy and have been hoping a "speccie" of mine, is included somewhere along the line. My Co reported overnight with signs of a definate "light, at the end of the tunnel"...... What did make me "warm & fuzzy" was the casual announcement within it's CC (following market close) that Looksmart have a new partner, in the FOX TV Stations. Rupert Murdoch's FOX (Newscorp) have a total of 35 stations, consisting of 25 Fox stations, one independent station and nine UPN stations. http://en.wikipedia.org/wiki/Fox_Television_Stations_Group It was during Looksmart's CONFERANCE CALL after the close of market yesterday, 05/04/2006, Looksmart's CEO Dave Hills mentioned (twice) of Fox TV Stations becoming a partner of Looksmart. Will it be the same arrangements that the Viacom's CBS Local TV sites already have with Looksmart? Both Furl & porn free, Search results"? (eg: Check bottom of both Links, below) http://search.cbs4.com/?__LOGIC=1212&HOSTN...chString=tomato And a "FindArticles on Tomato" search? (The "humble" Tomato?? LOL !!) http://search.cbs4.com/?__LOGIC=1212&HOSTN...icles+on+tomato Yes .... It all becomes more interesting, each day that goes by. NWS's myspace.com would be a nice "fit" with Looksmart's 'porn free' search & Furl ..Better still, NWS may buy into LOK? Just a thought! http://www.sharescene.com/html/emoticons/smile.gif LC
  9. LookingConfident

    LOK

    QUOTE (quiktrade_1 @ Friday 05/05/06 07:50am) < Then again they could do a capital raising or get Rupert to buy in.. Regards Quik. http://www.sharescene.com/html/emoticons/lmaosmiley.gif > Yes, LOL !! Better still, we could (initially) get Rupert, to partner us, couldn't we? When smuggler asked me, over on HC (the following), I then replied: < Ross...you have said ad nauseum..NEWS is coming!? > Yes, barry .... NWS comes in all different "shapes & forms" ......Did I just write NWS? (That's Newscorp, isn't it?) ANYHOW ........ A great post, from elsewhere ...... Recommend this Post Ignore this User | Report Abuse Re: Huge Good news for LOOK, UP we go! by: sickosmeggler Long-Term Sentiment: Hold 05/04/06 11:08 pm Msg: 158417 of 158417 < And another post on Looksmart on Bambi's blog, too!!!! > Well, it was there when I checked a few minutes ago ... Anyhow, I copied it, for here .... "It's become even more interesting (particularly in view of those thoughts expressed in those last two paragraphs of my above post) in that, during Looksmart's CONFERANCE CALL after the close of market, 05/04/2006, Looksmart's CEO Dave Hills mentioned (twice) of Fox TV Stations becoming a partner of Looksmart. Will it be the same arrangements that the CBS TV sites already have with Looksmart? Both Furl & porn free, Search results"? (eg: Check bottom of both these Links below) http://search.cbs4.com/?__LOGIC=1212&HOSTN...chString=tomato And a "FindArticles on Tomato" search? (The "humble" Tomato?? LOL !!) http://search.cbs4.com/?__LOGIC=1212&HOSTN...icles+on+tomato Yes .... It all becomes more interesting, each day that goes by. Posted as a reply to: Msg 158416 by sickosmeggler http://finance.messages.yahoo.com/bbs?.mm=...9351&mid=158417 http://www.sharescene.com/html/emoticons/smile.gif LC ps; And the "thoughts" within the last two paragraphs?? And Bambi, back to your question within your article: "My question was how can advertisers get in front of this crowd, and would it marginalize the general search engines?" "How can this generation -- with such high lofty expectations -- get sufficiently personalized answers from a general search engine?" Most (or, a lot) who frequent these “social†sites, (myspace.com, etc) also study full time. They “can†get the opportunity to mix some leisure & pleasure and get to prepare a report (or, an assignment), at the same time, that they are "interacting". Just a thought! Bambi …. Guess what? Looksmart have, both the expertise and “tools†to ensure a long lasting success of any “venture†of this type and a Licensed Furl on each publisher/media Co’s individual site, then allows “users†to “save & share†what is relevant to that site’s own “group culture†and at the same time, they “share†their ‘finds’, with users all over the world. Oh Yeah !!!
  10. LookingConfident

    LOK

    In reply to: filament on Friday 05/05/06 10:12am < You may well get some more shares for $6.50. > Thanks for that ..... I HOPE SO TOO!! As they will cost more than that on monday, is my opinion. Best of luck! http://www.sharescene.com/html/emoticons/smile.gif LC
  11. LookingConfident

    LOK

    In reply to: filament on Friday 05/05/06 09:56am Are you serious? Or, is this just an idle comment? You may not have been reading this thread in it's full context, possibly? LOK has risen by 62.5% in the past 4 months or, so ......????? http://www.sharescene.com/html/emoticons/smile.gif LC
  12. LookingConfident

    LOK

    QUOTE (leppard @ Friday 05/05/06 08:40am) < then post split $US4.00, 5.00, 6.00 and now 5.26 > LOOK's shareprice value hasn't "HIT" $6.00pps, post split. Congratulations on your predictions! Did you make much from them, on LOK? What you have done, is help people perhaps buy-in, at a lower price and I (for one) am ever grateful to you for doing so. < You paint such a rosy picture but the road ahead (to profits) is still long and hard > Hopefully, I can get some more this morning @ $6.50c and incidentally, the shares are equal in all sense, with LOOK in the US and can be transferred accordingly, Looksmart have pointed out. Bye for now. http://www.sharescene.com/html/emoticons/smile.gif LC
  13. LookingConfident

    LOK

    In reply to: quiktrade_1 on Friday 05/05/06 07:50am So, LOK's shareprice has risen from sub $4.00pps a little over 4 months ago and yesterday I couldn't buy them for $6.50cps and you say I have it all wrong Quiktrade_1 ??? Perhaps we see things different in our investment stratergies?? Is that maybe, a possibility?? At this stage (and I do hope I get more on open @ $6.50cps, I doubt it though) I think you may need to have a second look at how you (yourself), judge a company. http://finance.yahoo.com/q/bc?s=LOOK&t=1y&...=m&q=l&c=sot.ax But only MHO, of course. http://www.sharescene.com/html/emoticons/smile.gif LC
  14. LookingConfident

    LOK

    QUOTE (leppard @ Friday 05/05/06 07:12am) leppard ...... On the 30th of december, (when LOK's shareprice was "SUB" $4.00pps) I posted here that it was a "steal" at what was a rediculously low mark. Yesterday, I was able to get some more @ $6.50cps and that is a rise in the SP value, of some 62.5% .....In a little over, 4 months!! You continue to "knock", yet the share price value, continues to climb ..... I wonder why? Perhaps, and I say this as humbly as I possibly can, but perhaps it is possible that I may understand this business just a little "deeper" than you might do? Maybe? Now I will remain in the queue for the remainer of my bid (@ $6.50cps) but wouldn't mind betting you, that I do not get these, when the market opens. Naturally, I hope that I do ...... There is a "big" picture here that will unfold in due course. Those that look a little deeper can see it clearly. They (I feel) are the lucky ones!! But hey, most of it has been written right here on this thread. It may not be expressed as well as I would like it to be, but I've given it my best shot, so to speak. A very exciting future is ahead of Looksmart, but this is just my opinion and again, I respect you for yours. Cheers Leppard. http://www.sharescene.com/html/emoticons/smile.gif LC
  15. LookingConfident

    LOK

    LookSmart Reports First Quarter 2006 Results Thursday May 4, 4:15 pm ET SAN FRANCISCO, May 4 /PRNewswire-FirstCall/ -- LookSmart (Nasdaq: LOOK - News; ASX: LOK - News), an online media and search technology company, today announced financial results for the first quarter ended March 31, 2006. David Hills, Chief Executive Officer, stated, "We posted another solid quarter, and the LookSmart team is encouraged by the results delivered in our core advertising business and early signs of progress from our newer revenue streams. During the quarter our ad network continued to increase in volume, our proprietary audience grew by over 30% demonstrating interest in our vertical search properties, and our technology continued to perform well for both LookSmart and our publishing customers. While we are still in the early stages of implementing our strategic initiatives, this quarter's performance highlighted our initial accomplishments and the longer term potential of our strategy." Quarterly Highlights The Company's GAAP results of operations include the impact of expensing stock options resulting from the adoption of Statement of Financial Accounting Standards No. 123®, "Share Based Payment." The Company is using the modified prospective method under SFAS No. 123®, and accordingly, has not restated the consolidated statements of operations for prior periods. Revenue: Total revenue of $10.5 million in the first quarter of 2006 grew 5% from $10.0 million in the fourth quarter of 2005, at the upper end of the Company's prior guidance range of 3% to 5%. Key Advertising Metrics: Total paid clicks increased to 74 million for the first quarter compared to 72 million in the preceding quarter. Average revenue per click (RPC) excluding run of site advertising was $0.15 compared to $0.16 in the fourth quarter of 2005. Including run of site advertising, RPC was $0.12, unchanged from the previous quarter. Key Audience Metrics: Total unique visitors to the Company's network of owned sites increased to 12 million at the end of the first quarter from nine million at the end of the prior quarter. Cost of Revenue: Traffic acquisition costs (TAC) were within the Company's guidance range at approximately 59% of total advertising revenue in the first quarter, up from 57% in the fourth quarter of 2005. Additionally, TAC excluding the advertising impact of owned sites was 65%, compared to 63% in the fourth quarter of 2005. The Company continues to focus on its overall traffic optimization process with the primary objective of increased advertiser performance. Gross Margin: As a result of higher TAC, gross margin was 33% in the first quarter of 2006 compared to 34% in the fourth quarter of 2005. The higher TAC was partially offset by the growing contribution of advertising on our owned sites and publisher services revenue. Operating Expenses: Total operating expenses in the first quarter were $8.5 million, which includes $0.3 million of non-cash, share-based compensation charges. This compares to total operating expenses of $7.6 million in the fourth quarter of 2005, which included a restructuring benefit of $0.6 million. Net Loss: Net loss for the first quarter of 2006, which includes $0.3 million of non-cash, share-based compensation charges, was $4.5 million, or $0.20 per share. This compares to net loss in the preceding quarter of $3.8 million, or $0.17 per share, which included a restructuring benefit of $0.6 million. Cash: Total cash, cash equivalents and investments were $45.9 million at March 31, 2006 compared to $51.3 million at December 31, 2005. John Simonelli, Chief Financial Officer, stated, "As our new revenue streams develop initial momentum, we are refining our metrics, providing more detail on Average Revenue per Click and Traffic Acquisition Costs, allowing greater insight into our business and added visibility for investors. In addition, we will be providing gross margin guidance going forward." Financial Outlook LookSmart is providing the following outlook on a GAAP basis, including the impact of the adoption of SFAS No.123®. For the second quarter ending June 30, 2006: -- The Company's revenue is expected to increase 6% to 8% from the first quarter of 2006. -- Ad Network TAC is expected to remain relatively consistent at 63% to 66%. The Company plans to adopt this treatment of TAC going forward. -- Gross margin is expected to increase throughout 2006 with second quarter gross margin expected to reach 35%. The expected improvement in gross margin is primarily due to continued revenue growth from our owned sites. -- Operating expenses are expected to be approximately 5% higher in the second quarter due to increased sales and marketing efforts to support revenue growth as well as product development resources for improvements to the Company's technology platforms. -- Second quarter net loss is expected to improve slightly from the first quarter of 2006. -- Quarterly non-cash, share-based compensation for the remainder of the year is expected to be consistent with the first quarter. Conference Call LookSmart will host a conference call today at 5:00 p.m. ET (7:00 a.m. Australian ET, May 5, 2006) to discuss its financial results. To listen to the call from the U.S., dial 1-800-257-6566; from Australia, dial 1-800-730-220. The call will also be available live by webcast on LookSmart's Investor Relations Web site at http://www.shareholder.com/looksmart/. That's a nice improvement. Well done Looksmart. It's only a matter of time, I've no doubt at all. http://www.sharescene.com/html/emoticons/smile.gif LC
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