Looking Dumb w/LookSmart; Spire's a Solar Co.

LookSmart (LOOK) got hammered this week after the company announced 4Q'11 results on 02012.03.20. In a nutshell, an ugly quarter. LOOK closed last week at $1.42 and this week it closed at $1.10 (02012.03.23). About 6% of the float was traded during the last three days of the week just ended. I listened to the conference call and it appears as though the next couple of quarters are going to tough. LOOK closed on 02012.03.23 at $1.10 after hitting a new 52-week low of $1.05. 52-week range: $1.05 - $2.23.

Spire (SPIR) continues to stay in business. I noticed that two weeks ago Spire announced it has sold its semiconductor business for $8.5 million. CEO Roger Little said that the sale will enable Spire to "more aggressively pursue opportunities in its solar and biomedical businesses." Spire received approximately $7.2 million in cash from the sale of the semiconductor business. There are approximately 8.5 million SPIR shares.

Spire (SPIR) reported 4Q'11 results on Thursday, 02012.03.15. CEO Roger Little mentioned that Spire's "solar business" comprised 82% of the company's total revenue in 02011. SPIR closed yesterday (02012.03.23) at $1.29. 52-week range: $0.53 - $4.82.