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It likely will lose $1.4 million to $1.7 million, the company said, up from the less than $1 million forecast. LookSmart projects much lower sales in the quarter, between $16.5 million and $17 million. It originally expected revenue of $18 million to $20 million.
LookSmart has struggled to remake itself as an alternative paid listings provider following its loss in October 2003 of a key paid inclusion listings deal with Microsoft, which accounted for two-thirds of its sales.
From: DMnews.com Article [dmnews.com]
