LookSmart CEO Resigns

By Matthew Hicks  |  Posted 2004-01-21 Print this article Print

Search provider LookSmart on Wednesday named an interim CEO as the company continues its effort to restructure after losing Microsoft as its largest customer.

LookSmart, of San Francisco, on Wednesday appointed Damian E. Smith, previously CEO of LookSmart Australia, as the interim CEO of the company after Jason Kellerman stepped down from the top position. The companys board of directors has begun a CEO search. LookSmart has undergone a major restructuring following news in October that Microsofts MSN division would be dropping LookSmarts paid search listings. The MSN contract, which accounted for about 65 percent of LookSmarts search listings revenue, ended as of Jan. 15. LookSmart is in the middle of cutting more than half it employees to reach a total of about 200. LookSmart also has shuttered its United Kingdom operation and sold its Australia operation to directory company Sensis, a division of telecommunications company Telstra Ltd.
Read more here about LookSmarts layoffs and business plans.
LookSmart plans to announce its full fourth quarter 2003 results on Feb. 5, but on Wednesday it said that preliminary results were stronger than the expected revenues of between $43 million and $45 million for the quarter ended Dec. 30.
Matthew Hicks As an online reporter for eWEEK.com, Matt Hicks covers the fast-changing developments in Internet technologies. His coverage includes the growing field of Web conferencing software and services. With eight years as a business and technology journalist, Matt has gained insight into the market strategies of IT vendors as well as the needs of enterprise IT managers. He joined Ziff Davis in 1999 as a staff writer for the former Strategies section of eWEEK, where he wrote in-depth features about corporate strategies for e-business and enterprise software. In 2002, he moved to the News department at the magazine as a senior writer specializing in coverage of database software and enterprise networking. Later that year Matt started a yearlong fellowship in Washington, DC, after being awarded an American Political Science Association Congressional Fellowship for Journalist. As a fellow, he spent nine months working on policy issues, including technology policy, in for a Member of the U.S. House of Representatives. He rejoined Ziff Davis in August 2003 as a reporter dedicated to online coverage for eWEEK.com. Along with Web conferencing, he follows search engines, Web browsers, speech technology and the Internet domain-naming system.

Submit a Comment

Loading Comments...
Manage your Newsletters: Login   Register My Newsletters

Rocket Fuel