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ECommerceTimes.com

Stock Watch: Auditors' Concerns Hit Drkoop.com

By Nora Macaluso
Apr 3, 2000 12:00 AM PT

Drkoop.com, Inc. fell 2 9/16 to 3 11/16 Friday, following reports that the health-care information service company's auditors expressed doubt about its ability to continue operations.

Stock Watch: Auditors' Concerns Hit Drkoop.com

The auditors, PricewaterhouseCoopers LP, said the company's continued losses and negative cash flow from operations raise "substantial doubt about its ability to continue as a going concern."

The company, founded by former U.S. Surgeon General C. Everett Koop, is the latest in a string of Web ventures to include the so-called "going-concern" clause in its financial filings with the Securities and Exchange Commission.

CDNow, the formerly high-flying music e-tailer, last week disclosed a similar situation.


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Salesforce Commerce Solution Guide
Has technology made transportation more or less safe?
Traveling by all modes of transportation has become riskier with each passing year.
In general, transportation safety has been improving steadily, despite some failures.
Some modes of transportation have been improving while others have become less safe.
We may have reached a tipping point where more tech means less safety.
Don't blame the tech -- greedy companies haven't done adequate testing.
Government regulators have not been playing a strong enough oversight role.
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Salesforce Commerce Solution Guide