LookSmart Added to Australian Stock Exchange -ASX- 200 Index.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--June 7, 2000 LookSmart (Nasdaq:LOOK) (ASX ASX See: Australian Stock Exchange :LOK), the global leader in Internet search infrastructure, today announced that it has been added to the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. (ASX) 200 Index as of June 1, 2000. The ASX 200 includes the largest 200 stocks in the Australian market, based on sufficient market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and liquidity. The ASX 200 is the primary benchmark in Australia utilized for forward futures contracts. In April 2000, the ASX 200 and the ASX 300 indices became the standard indices, replacing the All Ordinaries Index, which comprised about 250 stocks. LookSmart was listed on the ASX in February under the ticker "LOK". LookSmart also trades on the Nasdaq under the ticker "LOOK". About LookSmart LookSmart is the global leader in Internet search infrastructure, dedicated to helping the world find useful information quickly. LookSmart's search service reaches over 52 million people a month through LookSmart's Web properties and partner sites. The company provides its search solutions to leading Internet portals, ISPs and Web sites including Microsoft's MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). , Netscape Netcenter, Time Warner Inc., Excite@Home, Sony, BT, Road Runner road runner: see cuckoo. Road Runner thrives on outwitting Wile E. Coyote. [Comics: “Beep Beep the Road Runner” in Horn, 105] See : Cunning Road Runner , Prodigy, US West, AltaVista, NetZero, over 370 Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and thousands of Web sites. LookSmart's search solutions include a collection of over 1.8 million high-quality URLs organized into more than 170,000 categories. LookSmart has built Web directories for 30 countries, including the U.S., U.K., Canada, Australia, Japan, Korea, Mexico and Brazil. Through its partnership with Cox Interactive Media, LookSmart also offers one of the largest collections of quality local Web content in more than 70 U.S. markets. LookSmart is the official search infrastructure provider for www.Olympics.com, the official Web site of the Sydney 2000 Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. . The company is headquartered in San Francisco and can be contacted at 415/348-7000. |
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