Silicon Investor (SI) -- The First Internet Community

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 : Purchasepro.com Inc. (PPRO) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Underwood who wrote (606)	5/24/2001 8:10:32 AM
From: Rob C.	Respond to of 748

This is never a good sign... DJ PurchasePro/10-Q -2: To Trade Under PPROE Thursday 23 May 21:04 LAS VEGAS (Dow Jones)--PurchasePro.com Inc. (PPRO) said it doesn't expect to file its first quarter Form 10-Q until its auditors complete their review of the company's financial results. In a press release Wednesday, the online business-to-business services company said it expects the review "will result in further adjustment of the financial results for the quarter." On Tuesday, PurchasePro reported "revised" results for the first quarter, but didn't explain why. The company said its first quarter loss was $32.4 million, or 47 cents a share, rather than the previously reported loss of $18.1 million, or 26 cents a share. First quarter revenue was restated to $17.1 million from $29.8 million. The revised cash operating loss was $15.9 million, or 23 cents a share, compared with the previously reported cash operating loss of $1.4 million, or 2 cents a share. As a result of the delayed 10-Q filing, PurchasePro will trade under the PPROE symbol beginning Thursday. (MORE) DOW JONES NEWS 05-23-01 09:04 PM Copyright 2001 Dow Jones & Company, Inc.