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Technology Stocks : Critical Path (CPTH) -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (144)1/18/2001 6:46:01 PM
From: Sharck  Respond to of 185
 
Got some for a bounce, over sold IMO...



To: Brasco One who wrote (144)1/18/2001 8:24:11 PM
From: Tom Hua  Read Replies (2) | Respond to of 185
 
Donny, I'm in AH playing the bounce (hopefully).

Regards,

Tom



To: Brasco One who wrote (144)2/2/2001 10:07:03 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 185
 
Trading in CPTH halted:

thestreet.com

Critical Path Puts Two Execs on Leave; To Probe Accounting
Practices
By Yi Ping Ho
Staff Reporter
2/2/01 9:57 AM ET

The road was rocky for Critical Path (CPTH:Nasdaq - news) this morning. Its
shares plummeted in pre-open trading on news it is investigating its
revenue-recognition practices and has put two executives on "administrative
leave."

Trading in the firm's shares was halted when the Nasdaq opened Friday
morning. Before the open, the shares lost more than half their value in Island
trading, sliding $5.94, or 59%, to $4.13, from their Thursday close of $10.06
on the Nasdaq.

The San Francisco-based Internet messaging software provider says it has
formed a special investigation committee to determine whether its
fourth-quarter results -- a net loss of $11.5 million, excluding special charges,
on revenue of $52 million -- may have been ``materially misstated.'' Critical
Path also said in its brief statement it "discovered a number of transactions"
that put the financial results in a questionable light.

The company has put David Thatcher, its president, and William Rinehart, the
vice president of worldwide sales, on administrative leave. It did not provide
any other details.