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twitterLV tech firm warns of shortfall
Monday, Oct. 1, 2001 | 9:44 a.m.
LAS VEGAS SUN
Las Vegas-based software firm PurchasePro warned investors Friday it will not meet its third quarter sales expectations.
The troubled business-to-business e-commerce company blamed its shortfall in sales to the terrorist attacks of three weeks ago.
"The unspeakable events of Sept. 11 severely impacted our ability to closes transactions we had anticipated. Buying activity in our industry have virtually ground to a halt," Chief Executive Richard Clemmer said in a statement.
The firm has never issued earnings an earnings per share estimate for the quarter that ends Sept. 30.
The nearly five-year-old company employs about 250 people, far below the company's peak of about 600 last winter.
PurchasePro stock fell on the news, trading this morning at 45 cents, down 12 cents or 21 percent.
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