the "magnificent (sblc) obsession ??

< Its outlook is below average...with MORE losses and the largest inherent risk to LOOK int he short term is bankruptcy through the SBLC it has which requires $40m in cash in the bank. >

From Looksmart's

"During the first half of 2005, we had limited success in subleasing our unused space since the establishment of the restructuring liability, and modified our original estimates. This resulted in additional restructuring charges of approximately $25,000 and $1.9 million in the first and second quarters of 2005, reflecting the reduced probability of subleasing the available space. However in October 2005, we executed a letter of intent to sublease an additional portion of the unused space, which resulted in a reduction of the restructuring liability by approximately $0.3 million, recorded in the third quarter of 2005. Further, in March 2006, we executed a letter of intent to sublease an additional portion of the unused space, which resulted in a further reduction of the....... >

Just work it out, from there ....

As for bankruptsy? Surely Rupert Murdoch would not have (recently) "partnered" his 35 FOX TV Sites if this was the slightest chance, of being a possibility?

Check the "indexing" of his (Newscorp's) newspaper's articles into Looksmart's FindArticles & Vertical Sites (in previous posts), for an "update" in this regard.

Someone STILL, hasn't a "clue" !!!

LOL !!

:)
LC


Talk about fools!!!!