LOCM

[kslifka]

Big Move...on Big Volume.

If LOCM can close above 6.60...possible target of 8.90...

[setravis]

Dig A little more.......
Kslifka, nice looking pick...Applaud !
I hope you don't mind me butting in on your thread

A low float stock...
Float (mil) 8.40.......Shares Outstanding (mil) 9.30

Profile : 

Local.com Corp.
One Technology Drive
Building G
Irvine, CA 92618
United States - Map
Phone: 949-784-0800
Fax: 949-784-0880
Web Site: http://www.local.com

DETAILS   
Index Membership: N/A
Sector: Technology
Industry: Internet Information Providers
Full Time Employees: 58


BUSINESS SUMMARY : 
Local.com Corporation provides paid-search advertising services to local and national businesses on the Internet in the United States and Europe. Its services enable businesses to list their products and services in its distributed Internet search results. The company's sponsored listings are derived from its advertiser network, which includes its direct advertisers, as well as indirect advertisers from other paid-search and directory companies. Local.com Corporation supplies these aggregated sponsored listings to its own Local.com Web site and distribution network, which integrates search results into customer's Web sites, in response to targeted keyword searches performed by Internet users on those Web sites. Local.com is a consumer facing destination Web site specializing in local search and provides relevant search results for local business, products and services, and sponsored listings. Its LocalConnect, a search and advertising platform enables its customers to offer local search functionality on their own Web site. Local.com Corporation was founded in 1999. The company was formerly known as eWorld Commerce Corporation and subsequently changed its name to eLiberation.com Corporation. Further, it changed its name to Interchange Corporation in 2003 and to Local.com Corporation in 2006. The company is based in Irvine, California.



Business Overview :

BRIEF: For the three months ended 31 March 2007, Local.com Corp.'s revenues increased 55% to $5M. Net loss decreased 18% to $3.1M. Revenues reflect an increase in the number of revenue generating click-throughs from local business. Net loss was partially offset by a decrease in general & administrative expense due to lower non-cash stock based compensation and a fall in research & development expense due to less consulting expenses. http://www.local.com/

[setravis]

Here is the news that came out on Monday.......



Press Release Source: Local.com


Local.com Granted U.S. Patent Number 7,231,405 for Location-Based Search
Monday June 25, 7:00 am ET


Method of Geographical Searching and Indexing of Data by Location Is Industry Standard for Local Search


IRVINE, CA--(MARKET WIRE)--Jun 25, 2007 -- Local.com Corporation (NasdaqCM:LOCM - News), a leading local search engine, today announced that the company has been awarded patent number 7,231,405 by the U.S. Patent and Trademark Office for the process of indexing and retrieving web-related information by geographical location.


The patent covers local search technology related to identifying location information from web documents, indexing that information and making it searchable geographically. In Local.com's commercial implementation of the technology, the search results are ranked by search term, LocalRank score, location prominence, among other factors. The system then extracts, matches and indexes web pages from the Internet and generates web references where applicable on more than 16 million local businesses listed nationwide on Local.com.

"We are very pleased to announce the granting of the patent number 7,231,405 as we believe the methods covered have subsequently become the de-facto standard for information retrieval in the local search industry," said Heath Clarke, Chairman and CEO, Local.com.

"This patent represents our continued commitment to developing products and services at the forefront of local search innovation. The unique technology related to geographical searching and indexing of web data gives us an advantage over conventional search technologies by providing improved relevance and better overall performance," continued Clarke. "We encourage other local search companies that are interested in using our intellectual property to enter into licensing agreements with Local.com."

To experience Local.com go to: http://www.local.com.

About Local.com

Local.com (NasdaqCM:LOCM - News) is a Top U.S. website attracting approximately 10 million visitors each month seeking information on local businesses, products, services, people and jobs. Powered by the company's patent-pending Keyword DNA® and patented local web indexing technologies, Local.com provides users with targeted, relevant local search results, including special offers from local businesses, user reviews, local businesses' website links, maps, driving directions and more. Businesses can advertise on Local.com with subscription, pay-per-click, banner and pay-per-call ad products. The site's mobile service, Local Mobile, provides local search results via mobile phones and devices. Local.com claims U.S. patent number 7,231,405. For more information visit: www.local.com.

Forward-Looking Statements

All statements other than statements of historical fact included in this document regarding our anticipated financial position, business strategy and plans and objectives of our management for future operations, are forward-looking statements. When used in this report, words such as 'anticipate,' 'believe,' 'estimate,' 'plans,' 'expect,' 'intend' and similar expressions, as they relate to Local.com or our management, identify forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, our ability to monetize the Local.com domain, incorporate our local-search technologies, market the Local.com domain as a destination for consumers seeking local-search results, grow our business by enhancing our local-search services, expand our Advertiser and Distribution Networks, expand internationally, integrate and effectively utilize our acquisitions' technologies, develop our products and sales, marketing, finance and administrative functions and successfully integrate our expanded infrastructure, as well as our dependence on major advertisers, competitive factors and pricing pressures, changes in legal and regulatory requirements, and general economic conditions. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph.

Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.

Contact:
     Media Contacts:
     
     Cameron Triebwasser
     Local.com
     949-789-5223
     949-233-4480
     Email Contact
     
     Dan Chmielewski
     Madison Alexander PR
     714-832-8716
     949-231-2965
     Email Contact
     
     Investor Relations Contact:
     
     John Baldissera
     BPC Financial Marketing
     800-368-1217
--------------------------------------------------------------------------------
Source: Local.com

[setravis]

Added to my Watching List for sure.Will be looking at Monday with great interest!
Take a look at the 2 Year Chart here.
A very nice text book Double Bottom (reversal) Pattern,
with the BreakOut !
Now let's see if we can get some outstanding follow through.


52wk Range: 3.05 - 6.60
Volume: 8,152,444
Avg Vol (3m): 34,774.2

Technicals
Most Actives
Percentage Gainer
Price Gainer

Last Price Quote is:
71.07%above 13-day MA
62.96%above 50-day MA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $34.89 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 08/09/2007
Last Analyst Rating: Buy


Double Bottom (Reversal) Pattern :
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.

Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.

It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.

[setravis]

Here is the news that came out on earnings on May 09.......




Press Release Source: Local.com


Local.com Reports First Quarter 2007 Financial Results
Wednesday May 9, 4:00 pm ET


IRVINE, CA--(MARKET WIRE)--May 9, 2007 -- Local.com Corporation (NasdaqCM:LOCM - News), a leading local search engine, today reported its financial results for the first quarter 2007.
"Local.com experienced a sharp acceleration in growth in the first quarter, significantly outperforming our prior guidance. Our search engine marketing delivered better margins than we anticipated and nearly all of our key metrics improved. In the first quarter we closed several distribution deals, grew traffic and completed an $8 million financing," said Heath Clarke, CEO, Local.com. "Our focus for the remainder of the year is to grow organic traffic through continued enhancements to the site and to build our sales channels in order to sell our local ad products."

Q1 Highlights:


--  Revenues -- First quarter 2007 revenue of $4.9 million was $600,000
    above our mid-range guidance of $4.3 million. This represented growth
    of 55% over the first quarter 2006, and growth of 35% over the fourth
    quarter 2006.

    -  Local Search -- Local search revenue was $4.1 million for the first
       quarter of 2007, up 258% over the first quarter of 2006 and up 53%
       over the fourth quarter 2006.

    -  National Search -- Our national search revenue was $800,000 for the
       first quarter of 2007, which decreased from $1.0 million in the
       fourth quarter of 2006.

--  Net Loss -- For the first quarter of 2007 our net loss of $3.1 million
    was approximately $400,000, or 11%, better than the best end of our
    guidance of $3.5 million. This represented an improvement of
    approximately $700,000 over the first quarter of 2006 and $100,000
    over the fourth quarter of 2006. Basic and diluted net loss per share
    was $0.33.

    The net loss includes $1.2 million, or $0.12 per share, of non-cash
    expenses consisting of depreciation and amortization ($510,000); stock
    based compensation ($491,000); and interest expense related to the
    convertible debenture financing ($160,000).

--  Increased Visitors -- Local.com served 30 million monthly unique
    visitors in the first quarter compared to 24 million in the first
    quarter of 2006 and 26 million in the fourth quarter of 2006. The
    number of visits per user increased to 1.98, up from 1.9 in the fourth
    quarter 2006 and 1.5 in first quarter 2006.

--  Increased Monetization -- Revenue per thousand visitors (RKV) was $137,
    up 234% from $41 in the first quarter of 2006 and up 49% from $92 RKV
    in the fourth quarter of 2006.

--  Signed Distribution Agreement with Idearc Media Corporation -- We
    signed a distribution agreement that allows Idearc to place its
    Superpages.com® advertisers' content on Local.com.

--  Signed Distribution Agreements -- We entered into agreements with two
    major search companies related to the sale of our local ad products and
    monetization of our UK site. Further announcements related to these
    deals will be made upon implementation.

--  Launched Local Promote(TM) Basic -- We introduced a new free online
    listing service that enables local businesses to quickly and easily
    target local consumers online.

--  Launched Local.com Classifieds -- We integrated about 20 million
    classified listings onto Local.com.

--  Completed $8 Million Financing -- We completed an $8 million
    convertible debenture financing and ended the first quarter with $10.4
    million in cash and marketable securities.


Financial Guidance:

The company expects second quarter 2007 revenue of between $4.9 million and $5.1 million. We expect the mid-range of local search revenue to be approximately $4.3 million, an increase of 5% over the first quarter 2007. The company expects net loss for the second quarter 2007 to be between $3.3 million and $3.4 million, or $0.38 to $0.39 per share. The loss per share forecast assumes 9.3 million outstanding shares.

The above guidance includes non-cash expenses of $1.3 million or $0.14 per share, consisting of stock based expense of $370,000; depreciation and amortization of $510,000 and non-cash interest expense of $452,000 related to the convertible debenture financing.

The expected net loss includes a total of $710,000 of net interest expense of which $452,000 is non-cash and $258,000 is paid in cash. This expense is $447,000 greater than the amount in the first quarter 2007.

Conference Call Information

Chairman and CEO Heath Clarke, President and COO Bruce Crair and CFO Doug Norman will host a conference call today at 5:00 p.m. ET to discuss the results and outlook. Investors and analysts can participate in the call by dialing 1-888-396-2384 or 1-617-847-8711, passcode # 88268555. To listen to the webcast, or to view the press release, please visit the Investor Relations section of the Local.com website at: http://ir.local.com. A replay of the webcast will be available for 90 days at the company's Website, starting approximately one hour after the completion of the call.

About Local.com

Local.com (NasdaqCM:LOCM - News) is a Top 100 website attracting approximately 10 million visitors each month seeking information on local businesses, products, services, people and jobs. Powered by the company's patent-pending Keyword DNA® and local web indexing technologies, Local.com provides users with targeted, relevant local search results, including special offers from local businesses, user reviews, local businesses' website links, maps, driving directions and more. Businesses can advertise on Local.com with subscription, pay-per-click, banner and pay-per-call ad products. For more information visit: www.local.com.

Forward-Looking Statements

All statements other than statements of historical fact included in this document regarding our anticipated financial position, business strategy and plans and objectives of our management for future operations, are forward-looking statements. When used in this report, words such as 'anticipate,' 'believe,' 'estimate,' 'plans,' 'expect,' 'intend' and similar expressions, as they relate to Local.com or our management, identify forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, our ability to monetize the Local.com domain, incorporate our local-search technologies, market the Local.com domain as a destination for consumers seeking local-search results, grow our business by enhancing our local-search services, expand our Advertiser and Distribution Networks, expand internationally, integrate and effectively utilize our acquisitions' technologies, develop our products and sales, marketing, finance and administrative functions and successfully integrate our expanded infrastructure, as well as our dependence on major advertisers, competitive factors and pricing pressures, changes in legal and regulatory requirements, and general economic conditions. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph. Unless otherwise stated, all site traffic and usage statistics are from third-party service providers engaged by the company.

Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.





                          LOCAL.COM CORPORATION
                  CONDENSED CONSOLIDATED BALANCE SHEETS
                    (in thousands, except share data)



                                                   March 31,   December 31,
                                                     2007         2006
                                                  -----------  -----------
                                                  (Unaudited)
                                  ASSETS
Current assets:
   Cash and cash equivalents                      $     8,377  $     3,264
   Restricted cash                                         70           41
   Marketable securities                                1,979        1,972
   Accounts receivable, net of allowances of $9         3,196        2,091
   Prepaid financing costs                              1,013            -
   Prepaid expenses and other current assets              273          302
                                                  -----------  -----------

      Total current assets                             14,908        7,670

Property and equipment, net                             1,855        2,028
Intangible assets, net                                  2,577        2,813
Goodwill                                               12,213       12,213
Long-term restricted cash                                  96          125
Deposits                                                   42           42
                                                  -----------  -----------

Total assets                                      $    31,691  $    24,891
                                                  ===========  ===========

                  LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
   Accounts payable                               $     3,596  $     2,851
   Accrued compensation                                   523          328
   Deferred rent                                          380          432
   Other accrued liabilities                              327          374
   Notes payable                                           26           63
   Deferred revenue                                       230          245
                                                  -----------  -----------

      Total current liabilities                         5,082        4,293

Long-term senior secured convertible notes, net
of debt discount of $6,084                             1,916            -
                                                  -----------  -----------

Total liabilities                                       6,998        4,293
                                                  -----------  -----------

Commitments and contingencies

Stockholders' equity:
   Convertible preferred stock, $0.00001 par
    value; 10,000,000 shares authorized; none
    issued and outstanding for all periods
    presented                                               -            -
   Common stock, $0.00001 par value; 30,000,000
    shares authorized; 9,299,918 and 9,297,502
    issued and outstanding, respectively                    -            -
   Additional paid-in capital                          58,833       51,657
   Accumulated comprehensive loss                         (21)         (27)
   Accumulated deficit                                (34,119)     (31,032)
                                                  -----------  -----------

      Stockholders' equity                             24,693       20,598
                                                  -----------  -----------

Total liabilities and stockholders' equity        $    31,691  $    24,891
                                                  ===========  ===========




                          LOCAL.COM CORPORATION
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
            (in thousands, except share and per share amounts)
                                (Unaudited)


                                                     Three months ended
                                                          March 31,
                                                  ------------------------
                                                      2007         2006
                                                  -----------  -----------

Revenue                                           $     4,881  $     3,151
                                                  -----------  -----------

Operating expenses:
   Search serving                                         807        1,580
   Sales and marketing                                  4,699        2,467
   General and administrative                           1,333        1,804
   Research and development                               699          950
   Amortization of intangibles                            237          237
                                                  -----------  -----------

      Total operating expenses                          7,775        7,038
                                                  -----------  -----------

Operating loss                                         (2,894)      (3,887)

   Interest and other income (expense)                   (192)         105
                                                  -----------  -----------

Loss before income taxes                               (3,086)      (3,782)

   Provision for income taxes                               1            1
                                                  -----------  -----------

Net loss                                          $    (3,087) $    (3,783)
                                                  ===========  ===========

Per share data:

Basic net loss per share                          $     (0.33) $     (0.41)
                                                  ===========  ===========
Diluted net loss per share                        $     (0.33) $     (0.41)
                                                  ===========  ===========

Basic weighted average shares outstanding           9,298,281    9,211,044
                                                  ===========  ===========
Diluted weighted average shares outstanding         9,298,281    9,211,044
                                                  ===========  ===========


Supplemental consolidated statements of operations information:


                                                     Three months ended
                                                          March 31,
                                                  ------------------------
                                                      2007         2006
                                                  -----------  -----------
Non-cash stock based compensation expense:

Sales and marketing                               $       120  $       172
General and administrative                                292          670
Research and development                                   79           73
                                                  -----------  -----------

Total stock-based compensation expense            $       491  $       915
                                                  ===========  ===========

Basic and diluted net compensation expense per
share                                            $      0.05  $      0.10
                                                  ===========  ===========

Interest and other income (expense):

Interest income                                   $        71  $       108
Interest expense                                         (103)          (2)
Interest expense - non-cash                              (160)           -
Gain on sale of fixed assets                                -           15
Realized loss on sale of marketable securities              -          (16)
                                                  -----------  -----------

Total Interest and other income (expense)         $      (192) $       105
                                                  ===========  ===========

Contact:
     Media Contacts:
     
     Cameron Triebwasser
     Local.com
     949-789-5223
     Email Contact
     
     Dan Chmielewski
     Madison Alexander PR
     714-832-8716
     M: 949-231-2965
     Email Contact
     
     Investor Relations Contact:
     
     John Baldissera
     BPC Financial Marketing
     800-368-1217
--------------------------------------------------------------------------------
Source: Local.com

[kslifka]

Well...I sold after hours...for a nice gain

It's gone as high as $7.54...so far.

[miris]

great story:


http://www.marketmasters.org/module....php?storyid=74

[setravis]

Pre-Market mover.......

+27.89%....Volume @ 483,046

[setravis]

Moving out, moving up, moving on.......
Last Price @ $11.29.......+61.27%.....Volume @ 4,039,752

[kslifka]

Someone shoot me...I have to stop selling too early

Hitting $12 today.......

[godofstock]

in at 10.75...........

[WallStreetnBio]

I'm in at $10.90.  The volume tells me tomorrow is good for at least 25% open higher.  I'll trim my position around noon tomorrow and keep a eye on the volume.

More shares have traded hands than the number of shares outstanding. That is crazy. It might come close to trading twice the amount of shares outstanding today. If volume is anywhere near the shares outstanding tomorrow (9 million) expect a minimum 25% upside.

There are no more shares left to short so this tells me shorts are going to keep on being forced to cover. Doesn't get much better than this.

[godofstock]

let take this to 13+.............

[WallStreetnBio]

I expect 13+ by tomorrow. Look at the market caps of any other search engine. LOCM still has a LOOOOOOOOONG way to go.

[godofstock]

up 1G but not selling.........

crazy ha......... hahahaha.....

LETS GO HIGHER>..............