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To: Gullapalli who wrote (5579)7/3/1998 1:31:00 PM
From: Gullapalli  Read Replies (1) | Respond to of 8545
 

From Washington Post (WWW.Washingtonpost.com)

Business Friday, July 3, 1998


CyberCash Can't Oust Credit Cards
Visionary Firm Lowers Forecasts, Lays Off Workers
By Mark Leibovich
Two years ago, CyberCash Inc. walked tall as a pioneer in the seemingly vast frontier of Internet commerce. Today, the Reston firm and its software that lets merchants receive payments over the Internet offers a cautionary lesson in how social habits in the digital age are difficult to predict -- and dicey to stake a business on.

Laying off 20% of its staff. Stock fell to 11 (all time high 60)