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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject	2/2/2001 9:25:37 AM
From: Softechie	Read Replies (1) of 2155

Critical Path plunges 60 percent in pre-open trade -------------------------------------------------------------------------------- NEW YORK, Feb 2 (Reuters) - Shares of Critical Path Inc. plunged 60 percent in pre-opening trading on Friday after the Internet e-mail software provider said it would investigate its revenue-recognition practices. The shares dropped to $4 from a Thursday close of $10-1/16 in heavy trading. The San Francisco company said on Friday its board had formed a special committee to investigate Critical Path's revenue-recognition practices. "The company has discovered a number of transactions that put into question the company's financial results," Critical Path said in a statement. President David Thatcher and William Rinehart, the vice president of worldwide sales, have been put on administrative leave, the company said. 859-1879)) REUTERS Rtr 08:50 02-02-01

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