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Stock Watch: Healtheon/WebMD Falls After Announcing Losses

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Stock Watch: Healtheon/WebMD Falls After Announcing Losses

By Nora Macaluso
E-Commerce Times
03/06/00 12:00 AM PT

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Healtheon/WebMD Corp. (Nasdaq: HLTH) fell 6 9/16 to 51 15/16 Friday after the company said costs associated with combining recently acquired businesses led to wider-than-expected losses for the fourth quarter and year. The Internet health-care company -- itself the product of the November merger of Healtheon, Inc. and WebMD Corp. -- has been on an acquisition binge in recent months.

Friday's news also sent shares of some Healtheon target companies lower: Careinsite, Inc. (Nasdaq: CARI) fell 8 1/4 to 63 9/16, and its parent, Medical Manager Corp. (Nasdaq: MMGR), dropped 8 5/8 to 79 ½. The two firms agreed to be acquired by Healtheon/WebMD on February 14th.

Print Version E-Mail Article Reprints More by Nora Macaluso

Talkback: Join the Discussion.

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Linda Pratt

Posted 2001-06-19

For those wondering "what next" there is an excellent support group at: ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Henry

Posted 2001-06-03

CyberRebate had to be a scam from the beginning. Consider what they were doing and the effects ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

sara

Posted 2001-06-03

I personally think Joel Granik, the founder of Cyberrebate, should go to jail. I think he ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Peter

Posted 2001-05-21

Three oldies but goodies spring to mind: ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

John

Posted 2001-05-22

I’ve watched this company over 3 years ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Chuck

Posted 2001-05-22

I "bought" a number of products from Cyberrebate and received every rebate in six separate ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Bill Rubin

Posted 2001-05-21

While I feel sorry for the people who lost money here, what happens the next time one of these ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

John

Posted 2001-05-22

We all pay into the shared risk process whether it's with credit cards or subsidized ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Henry

Posted 2001-06-03

How can you possibly compare the associated medical costs from smoking to this? While I agree ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Greene

Posted 2001-05-21

These people are getting ripped off just like employees who are getting laid off with no ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Bill Rubin

Posted 2001-05-22

But the employees who worked without pay will be at the top of the heap ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

Cynthia

Posted 2001-07-19

I, personally think that Joel Granik, CEO of Cyberrebate, should be thrown in the slammer for ...

Re: CyberRebate Bankruptcy Has E-Shoppers Reeling

gregggy

Posted 2005-09-04

You conspiracy theorists have a good theory, but did you ever consider the possibility that ...

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