LookSmart ( LOOK)

Closing price: $1 (April 7)

Revenue: $51.8 million (trailing 12 months)

Received Nasdaq notice: March 9, 2010

Management's expected action: LookSmart said it is considering its options in order to comply with the minimum bid price rule within the 180-day grace period. On March 18, the company reported a fourth-quarter net loss of $935,000, or 5 cents a share as revenue fell to $12.8 million from $14.9 million in the year-ago quarter. LookSmart also said it terminated a lease agreement with Cisco Systems ( CSCO) at no cost to the company.

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