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We sat down with the CEO of Better Place Australia, Evan Thornley, to discuss how his company plans to make the electric car a reality in Australia.
q&a CNET Australia sits down with the CEO of Better Place Australia, Evan Thornley, to discuss how his company plans to make the electric car a reality in Australia.
Online directory service LookSmart last week named a new CEO to replace outgoing chief Evan Thornley, who co-founded the company in 1995. Effective Oct. 1, Chief Operating Officer Jason Kellerman will replace Thornley, who plans to remain company chairman and focus on long-term strategy. LookSmart recently shifted its business focus from that of Internet directory to a paid-listing service. Under the new model, businesses pay to list their Web sites in related keyword search results. As part of its announcement, the company raised earnings guidance for the second quarter to between $20 million and $21 million in revenue. It also announced the resignations of three board members: Robert Ryan, Myriann Byerwalter and James Tananbaum. It has employed a search firm to find replacements.
LookSmart says it has completed its purchase of search engine technology company WiseNut in a stock deal valued around $9.25 million. San Francisco-based LookSmart plans to incorporate WiseNut's technology, which bases searches on link popularity and a site's importance in the Web community, into its own search products in the coming quarters. Currently, LookSmart bases its search on paid listings and editorial results. In a statement announcing the agreement, LookSmart CEO Evan Thornley said the addition of the WiseNut technology would lead to "exceptionally relevant and profitable" search products.
LookSmart says it has agreed to buy search technology provider WiseNut for about $9.25 million in stock. The directory company, based in San Francisco, plans to bolster its search service by folding in WiseNut's technology over the next few quarters. While LookSmart's directory focuses on editorial results and paid listings, WiseNut's technology mines the Web for relevant results based on their link popularity and importance in Web communities. "LookSmart will be able to offer our portal and ISP partners a full service solution that includes a scalable billion-document index infrastructure, next-generation search relevance and strong listings revenue," LookSmart CEO Evan Thornley said in a statement. Under financial terms, LookSmart will issue about 4.1 million common shares for the outstanding shares of privately held WiseNut.
The Internet advertising slowdown claims another victim as the directory listings provider slashes its work force, warns its fourth-quarter loss will be higher than expected, and launches a restructuring effort.
Web directory LookSmart and search technology provider Inktomi team to package and market their services to Web sites focusing on specific categories.
On the heels of a similar move by Infoseek, the Web directory says it will no longer accept pornographic ads.