VerticalNet, Inc. [VERT] Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VerticalNet, Inc. [VERT]

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ChinuSFO who wrote (742)	2/1/2000 9:50:00 PM
From: CookiePuss	Read Replies (1) of 1094

from thestreet.com: VerticalNet (VERT:Nasdaq - news) had a pretty good time today, partying its way up 13 3/4, or 5.7%, to 252 1/8. But tonight, it was hungover and much lower on Island ECN after releasing pro forma fourth-quarter losses of 28 cents a share, which is narrower than the First Call/Thomson Financial estimate of a 34-cent loss. The business-to-business play also announced a two-for-one stock split, but to no avail. Investors still dropped the stock, despite the fact that it exceeded estimates and set that split. It was last off 5 to 247 on 150,000 shares. Much of the negative sentiment stems from the fact that the pro forma fourth-quarter loss of 28 cents was 7 cents worse than last year's pro forma quarter, which saw a loss of 21 cents. Also, today's run-up shows that investors expected big news from the company that apparently didn't deliver.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next