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LookSmart (Nasdaq: LOOK) was up 0.50
at 3.468 in early trading Wednesday after the company announced a subsite
listings deal 
with e-tail giant Amazon.com (Nasdaq: AMZN).
Amazon will promote "thousands" of product categories through LookSmart directory links and keyword searches, which will enable users to connect directly to relevant shopping areas of Amazon's Web site, LookSmart said.
Owen Van Natta, vice president of business development at Amazon, said that LookSmart's service will "help make it easier for customers to find exactly what they are looking for."
Brian Goler, senior vice president of sales at LookSmart, noted that "Amazon.com has pioneered advancements in every metric of online retailing." Goler also said that "signing a deal of this magnitude" with the giant e-tailer proves the "potential effectiveness and power" of LookSmart's subsite listings product.
LookSmart introduced its subsite listings product in the third quarter of 2000, and says the service is now being used by eBay, VerticalNet, DealTime, CNET's mySimon and Women.com, among others.
LookSmart, based in San Francisco, California, provides Web directory services. The company recently announced a restructuring which includes the elimination of 172 jobs, or 31 percent of its workforce. The restructuring plan will also mean a charge to first-quarter earnings.
LookSmart is also expecting a weak fourth quarter as it shifts to a focus on
more profitable operations, such as subsite listings, and reduces its reliance
on online advertising revenues. The company said its listing business has
generated US$10 million since the offering was launched.
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