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Strategies & Market Trends : Sharck Soup

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To: Paul A who wrote (8068)1/25/2001 8:29:04 AM
From: Sharck   of 37746
 
Tend to try to stick to that one Paul. BTW I nearly played below 8 myself, but too close to earnings. I actually liked the guidance but will have to wait another few Qs to implement.

REDWOOD CITY, Calif., Jan 24 (Reuters) - Technology company Kana Communications Inc. (NasdaqNM:KANA - news) on Wednesday said its fourth quarter pro forma net loss rose to $33.2 million or 37 cents per share vs. a loss of $12 million or 23 cents per share.

Kana also announced that David Fowler was named president and Nigel Donovan was named chief operating officer.

Kana said it expects to take the necessary actions to assure achieving current goals of being cash flow positive in Q3 and profitable in Q4. It also said it expects better than 50 percent year over year growth in 2001.
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