LOK looksmart limited

last call folks....

  1. I'm sure you've all done your homework and loaded up on LOK for the upcoming Q4 results 28/01/03.
    You stragglers better shake your tail, there might only be a day or two left to get in at current prices. Tomorrow night Yahoo report after hours, this should start the ball rolling, along with Overtures recent guidance upgrade.(see below)


    LookSmart - Tailwind Into 2003. We expect LOOK to report strong results, with possible upside to our recently revised Q4 estimates of $28.2m in revenue and EPS in the $0.04 range. More importantly, we believe these results will provide a significant tailwind for 2003, as portals are looking for more ways to monetize their search traffic. Key metrics include Y/Y listings revenue growth, total paid clicks and average cost per click. For Q4, we are modeling Y/Y listings revenue growth of 94% to $23.5m, driven by paid clicks of 148m and average cost per click of $0.17.

    Conclusion. While over the last two years portals have focused on monetizing the top half of the search page, we believe they will increasingly focus on monetizing the entire page, which positions LOOK's paid inclusion model well, as it primarily monetizes the bottom-half of the search page. With valuation at attractive levels, and potential catalysts in new distribution partners, we would be buyers of shares of LOOK prior to the quarter announcement.

    Estimates. USBPJ - Revenues of $28.2, EBITDA EPS $0.05, EPS $0.04 Company Guidance - Revenues of $27m and EBITDA EPS of $0.05.

    Reporting Information. LOOK reports on January 28, 2003 ad can be accessed through the Company investor relation's section of their website.

    PASADENA, Calif. -- Overture Services Inc. (NasdaqNM:OVER - News) raised its fourth-quarter revenue guidance because of increased traffic and click-through volume.
    The provider of search-engine advertising said Monday it expects fourth- quarter revenue of $200 million, above its previous guidance of $190 million



    Target - LOK .38c 31/01/03
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Currently unlisted public company.

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