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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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