Welcome | Sign In
ECommerceTimes.com
News

Stock Watch: Cornerstone Falls on Weak Third Quarter

Print Version
E-Mail Article
Reprints
Stock Watch: Cornerstone Falls on Weak Third Quarter

By Nora Macaluso
E-Commerce Times
04/14/00 12:00 AM PT


Cornerstone Internet Solutions (Nasdaq: CNRS) fell 19/32 to 2 7/32 after the provider of business-to-business e-commerce services reported lower revenue and a larger loss for the third quarter ended February 29th. The company lost $3.29 million in the quarter, compared with a loss of $1.44 million in the same period last year. Revenue fell to $542,643 from $835,839.

The company said results were hurt by "a costly settlement with a former client," smaller or delayed projects from existing customers and the loss of some experienced software developers.

Print Version E-Mail Article Reprints More by Nora Macaluso

Talkback: Be the first to comment on this story.
See Related Stories About Webvan
E-Commerce Gets a Dose of Reality (04/03/00)
Peapod Nears End (03/31/00)
Peapod Shaken as CEO Resigns, Financing Yanked (03/16/00)
HomeGrocer.com IPO Seen in Peril (03/10/00)
HomeGrocer Pays $60M for AOL Promotion (02/22/00)
Food Giants To Sell Groceries Via Webvan (01/25/00)
Stock Watch: Webvan IPO Finally Set (11/05/99)
See Related Stories About Sina.com
Dell Ventures to Broaden E-Commerce Investment (03/30/00)
Government Clamps Down on E-Commerce in China (01/26/00)
China.com Explores Pan-Asian Route With Acquisitions (11/24/99)
China.com Reportedly Mulling Hong Kong Sell-Off (10/21/99)
Sina.com Launches Online Airline Tickets Site For Taiwan (08/18/99)
Asia4Sale Weighs In With Public Commercial Auction (07/19/99)
Despite Hype, China.com Still Risky (07/19/99)
See Related Story About Organic
Stock Watch: Organic Raises Its Range (02/08/00)

More by Nora Macaluso

One Year Ago: Should E-tailers Drop Nasdaq Before Nasdaq Drops Them?
January 30, 2002
Once a company is kicked off the Nasdaq, its stock is listed on the over-the-counter 'pink sheets' for thinly traded issues. 		Study: Europeans Ignore Potential of TV-Based Commerce
January 18, 2002
Interactive TV also provides retailers with the opportunity to draw attention to themselves using interactive ads, Gartner said. 		The Amazon Earnings Speculation Story
January 21, 2002
For Amazon to break out of the box created by the competing objectives of boosting sales and controlling costs, a pro-forma profit in the fourth quarter will be critical, a Goldman Sachs analyst wrote.
Don't miss a story -- sign up for our FREE e-mail newsletters and view the latest headlines at a glance.
Tech News Flash [ View Sample ]
E-Commerce Minute [ View Sample ]
ECT News Network Weekly Newsletter [ View Sample ]
Free eBook: Secure Your Datacenter
Click here to download today.
Shortcuts
> Get Business and Technology News Alerts
> Most Popular | Spotlight Features | Exclusives
> This Week on ECT News Network | Podcasts
> Online Retail Transaction Performance Indices
> Inside E-Commerce Times
E-Commerce Times
TechNewsWorld
CRM Buyer
LinuxInsider
MacNewsWorld
Today's E-Commerce Times Sponsors
Secure Your Datacenter
Mitigate risk and maximize the benefits of virtualization. Get the free eBook today.
How will the Avaya Roadmap affect you?
Webinar: Ovum’s Ian Jacobs and Aspect CTO Gary Barnett on implications for the contact center.
White Paper
Learn How to Drive Revenue and Maximize ROI Communicating Your Message at the Cinema.
ECT News Network Information
Reader Services
Corporate
ECT News Network
Terms of Service | Privacy Policy | How To Advertise
Copyright 1998-2010 ECT News Network, Inc. All Rights Reserved.