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    PurchasePro: will they survive? - 500 Beiträge pro Seite

    eröffnet am 24.10.01 09:40:10 von
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      schrieb am 24.10.01 09:40:10
      Beitrag Nr. 1 ()
      PurchasePro Announces Phase II of Turnaround Strategy; Effects
      Extensive Cost Reductions and Realignment; Anticipates Cost
      Savings in Excess of $14 Million


      LAS VEGAS, Oct. 23, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today
      announced measures implemented in the second phase of its turnaround
      strategy. In June, the company realigned its senior management and
      headcount and refocused its product line.

      The company today said additional cost cutting and realignment measures
      include:

      - a greater than 55 percent reduction in senior management salaries;

      - an 81 percent reduction in facilities space occupied;

      - a 50+ percent reduction in employee costs;

      - additional pricing models for its products;

      - an examination of financing options.

      Richard L. Clemmer, chief executive officer, said, "While we were on
      track in our turnaround strategy following our realignment announcement
      in June, it became increasingly clear in the third quarter that
      PurchasePro is faced with new issues that require the company to alter
      its strategy and financial plan.

      "When we announced our realignment, we said we were reducing our
      employee base to be more in line with our anticipated revenues for the
      year. We had anticipated sales traction through the summer and the
      third quarter. However, as we recently announced, that traction did not
      materialize in the magnitude we had anticipated. Consequently, today we
      are implementing a further realignment of our headcount and additional
      cost reduction measures that will better fit the company`s immediate
      revenue prospects and reduce the company`s burn rate. The headcount
      reductions, totaling 125, were spread among the entire range of
      PurchasePro employees and resulted in a current employee base of 125.
      Additionally, members of the management team are taking salary
      reductions and facilities space is being significantly reduced
      immediately. We anticipate an immediate savings of $2 million and
      annual savings of more than $14 million from these actions.

      "We believe that these strategic reductions place our employee base at
      the best level to manage PurchasePro through the next phase of its
      turnaround. This headcount reduction comprised the departure of some
      members of senior management, as well as a redeployment of our
      resources and management responsibilities. I am saddened to announce
      that Allen Winder, executive vice president and chief operating
      officer, has resigned from the company. He has done so, in his words
      `to do my part in reducing the company`s overhead and to spend more
      time with my family.` His primary responsibilities of sales and
      technology have been divided between Chris Benyo, senior vice
      president, and Mark Donachie, chief financial officer. Allen, however,
      has graciously agreed to stay on as a consultant to assist the company
      with specific international and key accounts."

      Mr. Clemmer pointed out that a "major senior management restructuring
      has been put in place, with the senior team comprising myself, Mr.
      Benyo and Mr. Donachie with their added responsibilities. Donachie, the
      newest member of PurchasePro`s management team, has an extensive
      software background, both in finance and other areas of operations. He
      is the perfect choice to lead our technology and financial efforts.

      "It is clear," Mr. Clemmer noted, "that we have not recorded the sales
      that we had anticipated and to that end, we have refocused our sales
      staff and provided it with additional tools and a streamlined process
      with which to close the prospective sales in our pipeline. Moreover,
      Mr. Benyo has put a substantive sales process in place in order to have
      the best possible opportunity to close those sales."

      With regard to the company`s overall financial structure and outlook,
      Mark Donachie, chief financial officer, said, "We have developed a
      financial plan that will support our strategy going forward. It is a
      plan that we believe to be nimble enough to take advantage of changes
      in the economic environment and to support our revised objective of
      generating positive EBITDA by mid-year and free cash flow in 2002. With
      regard to guidance, we do not have the visibility to issue estimates."

      Mr. Clemmer stated that the company is "actively seeking a strategic
      partner or a straight cash infusion.
      We are simultaneously reviewing a
      range of financing opportunities. To this end, we are engaged in
      discussions with a number of sources for financing and will make an
      announcement on this issue when appropriate. Although our new financial
      plan and strategy results in an appropriate burn rate to carry the
      company through this transition, with even nominal sales, we believe
      that a cash infusion will help mitigate the financial viability
      question and therefore better position PurchasePro to close sales in
      its pipeline."

      Mr. Benyo, said, "Over the past month we have developed new pricing
      models and are in the process of rolling them out into the marketplace.
      Initially, we targeted companies with revenues in excess of $300
      million for our e-Source product. As a result of the extraordinary
      interest generated from companies of all sizes from our television and
      marketing campaigns, we have developed and implemented additional
      pricing models specifically to attack the immense potential in the
      middle market."

      Mr. Clemmer, said, "As I have said in the past, PurchasePro has
      products that business demands. Our e-Source and e-Procurement
      products, coupled with our commerce network, saves companies
      significant amounts in their purchasing activities. We know our
      products to be more cost effective than our competitors`. Moreover,
      none of our competitors can implement an e-procurement solution for a
      customer as fast as PurchasePro, with the supplier base management and
      enablement we can provide through the 300,000-member commerce network,
      at the cost we offer. Hilton, Honeywell and Accor, among others,
      provide proven results on this issue. Owens Corning, Timken, Unocal and
      ArvinMeritor, to name just a few, have achieved rapid returns on
      investment and significant reductions in cost through our e-Source
      product. Since we began tracking monthly e-Source results five months
      ago, we have seen the product save an average of 25 percent or $48
      million in procurement for its users.

      "The approach of our competitors has proven not to deliver their
      promised results. Their approach is little more than a warmed over,
      outdated ERP solution that is costly and only marginally effective in
      providing the supplier mix required to consistently drive costs down
      across an entire spend. PurchasePro clearly accomplishes this. They are
      the old guard in B2B, the warmed over ERP guard. Our business model is
      strong, solid, delivering the measurable results that are so critical
      to the procurement cost reduction process.

      "PurchasePro is facing the most difficult challenges in its short
      history. We must weather an economic downturn, a messy history and
      short sellers. We have products that will provide customers with the
      cost savings they require in this recession. We have a management team
      and employee base to mitigate our history. And, we have an unusual
      ownership base; individual shareholders who are loyal and supportive to
      help us battle the short selling contingent. It is that very important
      constituency that I address here. We are working for you. We are
      expanding our approach to one more attuned to the current environment.
      We are revising our financial plan so that it more clearly and
      efficiently supports our strategy. And, I am very confident that we
      will succeed.

      "I believe in PurchasePro and the city in which it is headquartered,
      Las Vegas, a city that is important to the company because of
      PurchasePro`s significant share of the lodging and gaming industry and
      its economic advantages. I am committed to restoring PurchasePro as the
      technology jewel of Las Vegas. So confident am I of success that I am
      embarking upon a personal continued program of acquiring stock in this
      company following our third quarter conference call in November. That
      accumulation will be publicly available through monthly filings with
      the Securities and Exchange Commission.

      "What we have done today ensures the survival and rebirth of
      PurchasePro
      , even with nominal sales and without a cash infusion. The
      financial plan we have put into effect and our new pricing models allow
      for our dynamic movement in this challenging economy. I have no doubt
      that we will win and prosper."

      Additionally, the company said it will release its results for the
      third quarter
      ended September 30, 2001 no later than November 13, 2001.
      Avatar
      schrieb am 24.10.01 11:51:51
      Beitrag Nr. 2 ()
      24.10.2001 11:40:00: PurchasePro.com zieht Notbremse
      Das Mangement von PurchasePro.com hat sprichwörtlich die Notbremse gezogen. Das
      Unternehmen hat die Hälfte der Mitarbeiter entlassen, hat die Gehalt der Manager um die
      Hälfte gekürzt und hat den Großteil der Büroeinrichtungen geschlossen. Der ehamalige
      Hoffnungsträger vieler Anleger kämpft damit ums blanke Überleben in einem B2B-Markt,
      der bei weitem nicht den Erwartungen der Analysten entsprechen kann. Das in Las Vegas
      ansässige B2B-Unternehmen rechnet mit sofortigen Kosteneinsparungen in Höhe von $2
      Mio. Im gesamten Geschäftsjahr könnten damit $14 Mio. an Aufwendungen vermieden
      werden, hieß es. Das Unternehmen, dass eine Technologie anbietet, um Unternehmen über
      das Internet zu vernetzen, hat somit 125 Mitarbeiter entlassen - genau diese Anzahl von
      Angestellten ist nun noch im Unternehmen vorzufinden. Die Vorstandsebene erhält nun 55%
      weniger Gehalt und 81% der Büroflächen wurden eingestampft. Darüber hinaus ist der COO
      des Unternehmens, Allen Winder, dem ganzen Trubel entflohen und ist zurückgetreten. In
      den vergangenen Monaten hat PurchasePro die Zahl der Angestellten bereits um 50%
      gekürzt, hat den Geschäftsführer ersetzt und wies einen Verlust im zweiten Quartal aus, der
      höher als die Erwartungen war.

      © BörseGo

      gruss
      tb 2
      Avatar
      schrieb am 31.10.01 09:33:56
      Beitrag Nr. 3 ()
      Wenn PPRO überlebt und davon gehe ich aus werden wir Kurse weit über dem heutigen Stand sehen. PPRO braucht einen Geldgeber. Ich hab leider keins mehr.
      Gruß Tuarek
      Avatar
      schrieb am 01.11.01 03:30:14
      Beitrag Nr. 4 ()
      :)

      behalt wenigstens Deinen Humor, denn der ist echt gut :)

      PPRO stellt sich relativ geschickt an, wenns darum geht, den Kurs etwas anzuschieben. Seis der ungewöhnliche CC for individual Investors oder die kurze Einführung ins shortselling, die den Kurs lustigerweise kurzfristig um 40% ansteigen ließ. Spätestens bei dieser Shortselling Geschichte läuteten bei mir wieder die Alarmglocken und ich hab mein Investment auf 3000 Stück reduziert. Aber der nächste Dead Cat Bounce kommt bestimmt....es sei denn die gehen vorher pleite - was mich auch nicht wundern würde.
      Avatar
      schrieb am 01.11.01 15:16:32
      Beitrag Nr. 5 ()
      still alive....

      PurchasePro Reports October e-Source Results; Sees $124 Million
      Increase in Monthly Auction Volume
      : More than $200 Million
      Crosses Network in 30 Days; PurchasePro Saves
      Companies $50 Million in 30 Days

      LAS VEGAS, Nov. 1, 2001 (PRIMEZONE) -- PurchasePro
      (Nasdaq:PPRO), today
      reported that 234 reverse auctions were held using e-Source, the
      company`s strategic sourcing product, in the month ended October 31,
      2001, compared with 130 auctions held in September.

      The company said October reverse auctions attracted 4,198 bids from
      1,313 suppliers
      , compared with the 2,256 bids posted in September from
      760 suppliers. PurchasePro also reported today that the number of
      buying organizations in October was 10
      , compared with 12 in September.

      Low bids in the October auctions totaled $125 million, compared with
      $37 million in September, with opening, or high bids totaling $175
      million, compared with $51 million in the prior month. The market
      spread, or implied savings in October, between total low and high bids,
      was $50 million or 40 percent, compared with $14 million or
      approximately 38 percent in September.

      Among the products purchased were MK1 couplings, tubing, a video
      conferencing system, bore tool clamps, janitorial services, production
      tools, red dye, plastics, high speed diesel oil, polyfoam sheets and
      rolls, clutch assemblies, rack bar steel, hotel services, food service
      equipment and installation and ferric chloride.

      PurchasePro also announced today that 29,000 purchase orders, valued at
      $33 million crossed its commerce network in October, compared with
      22,000, valued at $22 million in September. For the quarter ended
      September 30, 2001, 82,000 purchase orders crossed the network valued
      at $86 million, compared with 60,000 purchase orders in the second
      quarter valued at $61 million.

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      Avatar
      schrieb am 09.11.01 01:26:02
      Beitrag Nr. 6 ()
      @ Tuarek,

      hast du das Grinsen schon im Gesicht? ;)

      60% Plus in 2 Tagen :) Ich denke das ist ganz ok :)

      Ich habe heute verkauft. Mit durchaus gemischten Gefühlen.

      Setze für morgen eine Kauforder 20% unter Schlusskurs.

      Wenn ich falsch liege freut´s mich wenigstens für Dich :)

      MfG
      Avatar
      schrieb am 09.11.01 09:36:04
      Beitrag Nr. 7 ()
      hi @kidloco,
      bin ein fake :-), mein wahrer Name ist Tuarek, aber die Schnarcher haben mich geperrt weil ich m.E. einen Pusher ein bißchen zu deutlich die Meinung gegeigt habe :-))).
      Ich glaube das war keine gute Idee mit dem verkaufen. Nach den Umsätzen zu urteilen scheinen da nicht nur Zocker zu kaufen. Ob Du nochmal unter 70 cent reinkommst bezweifle ich mal. Ich verkauf nicht, schon allein weil ich einen Durchschnittskurs von um die 3 euro habe. Bin also noch deutlich in den Miesen, abgesehen davon möchte ich ja auch noch Gewinn machen :-)
      Grüße
      Mein Kursziel von 2 Euro bis ende des Jahres bleibt bestehen.
      Avatar
      schrieb am 14.11.01 00:19:53
      Beitrag Nr. 8 ()
      Hi Tuarek,

      gerade zwei Börsentage später und wir sind tatsächlich schon wieder bei 65 Cent.
      IST Dir schon mal aufgefallen, daß nach jedem rasanten Kursanstieg eine Hiobsbotschaft kam, die den Kurs ebenso schnell wieder zurückwarf, das war in den letzten Monaten jetzt schon 3 Mal der Fall, ich finde sowas stärkt die Vertrauensbildung in PPRO ungemein. Zum Glück vergisst die Börse relativ schnell...
      Avatar
      schrieb am 14.11.01 07:35:38
      Beitrag Nr. 9 ()
      Lest euch das genau durch !!!!
      Dann ist es ganz logisch das PPRO gestern wieder gefallen ist.
      echte Horrorzahlen
      13.11. 23:24
      PurchasePro vergrössert Verlust

      (©BörseGo - http://www.boerse-go.de)
      Das B2B Unternehmen PurchasePro meldet im dritten Quartal einen Verlust von $1,46 pro Aktie
      ($106,4 Mio.) nach einem Verlust von 13 Cents ($8,2 Mio.) im Vorjahresquartal. Der Quartalsumsatz
      betrug $3,6 Mio., die Lizenzverkäufe erwirtschafteten $818.000, verglichen mit $4,5 Mio. im Vorquartal
      und $11,3 Mio. im Vorjahresquartal. Der Umsatz im Vorjahresquartal betrug $17,3 Millionen. Im
      heutigen Handelsverlauf konnte die Aktie knapp 9% hinzugewinnen.
      Avatar
      schrieb am 19.11.01 16:09:37
      Beitrag Nr. 10 ()
      das ist doch richtig lustig,
      jetzt wo ich schon ein "leck mich am A... " Gefühl habe weil
      die Q3 so schlecht waren wie es wohl keiner für möglich gehalten hat, gehen wir wieder Richtung 70 cent, bzw. vielleicht heute schon drüber. M.E. müßten wir Kurse deutlich unter 50 cent haben. Vielleicht gehen doch die meisten davon aus das es JETZT nicht mehr schlimmer kommen kann. Ich hoffe es kommen nochmal richtig schlechte Nachrichten damit PPRO mal wieder so richtig nach oben ausbricht:-)
      Grüße
      Avatar
      schrieb am 19.11.01 22:45:38
      Beitrag Nr. 11 ()
      @all
      das folgende habe ich gerade im Raging Bull Board
      gelesen. Sollte man vielleicht im Auge behalten!!!!!!


      Look at a 12 period chart
      of PPRO showing momentum on a daily chart.(I use Quote.com). Momentum hits the -50 line four times since July 18. But
      the last drop did not hit even the 0 line.
      If you draw a line on the momentum bottoms since Oct 8, you will see that the last dip did not touch the line, but came close.
      But momentum means nothing without price, if you go to the price chart and draw a line at the 85-86 cent level, you will hit
      the highs in 3 places since Aug 8. This is most definitely resistance.
      I use fundamental as well as technical analysis but the above are very clear signs of congestion and a breakout coming. If
      PPRO can close above .87 then it is a clear shot to 1.60.
      Avatar
      schrieb am 19.11.01 23:46:51
      Beitrag Nr. 12 ()
      JAAAAAAAAAA

      Ppro schon 0,8$

      St.Paulianer
      Avatar
      schrieb am 20.11.01 00:44:02
      Beitrag Nr. 13 ()
      kannst du das mal in dtsch übersetzen danke!!!!!!
      Avatar
      schrieb am 20.11.01 02:28:45
      Beitrag Nr. 14 ()
      @adson, hahaha, selten so einen Scheiss gelesen, ist aber nicht gegen Dich persönlich gemeint, ok?

      Bei PPRO ist Charttechnik nicht mal als selbsterfüllende Prophezeiung brauchbar (die sie sonst ist)

      Aber so langsam bekomme ich den tatsächlich den Eindruck, wir könnten uns wieder in einer ähnlichen Situation wie im November 1999 befinden.
      Lustiges Lemmingtreiben und Rallye!!!!.
      Sei dabei!!! :D
      Avatar
      schrieb am 26.11.01 22:46:48
      Beitrag Nr. 15 ()
      Monday November 26, 1:52 pm Eastern Time
      Press Release
      SOURCE: PurchasePro, Inc.
      PurchasePro Expands Relationship With GovernmentFirst
      E-Source License Added to GovernmentFirst`s Procurement Tools
      LAS VEGAS, Nov. 26, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO - news) today announced a significant expansion of its relationship with GovernmentFirst, www.egovernmentfirst.com. As part of that expansion, PurchasePro also introduced a flexible new licensing model for its e-Source reverse auction tool.

      Earlier this year, GovernmentFirst installed PurchasePro`s e-Procurement software and is now implementing the PurchasePro e-Source product to provide a complete range of procurement solutions, including volume discount pricing through aggregated purchasing, contract management, and supplier catalog hosting services to the local government agencies and educational institutions it serves.

      Under the innovative licensing agreement, GovernmentFirst will pay a tiered license fee and hosting and maintenance fees based on the dollar volume of transactions. Previously, all PurchasePro e-Source licenses have been priced on a flat-fee basis. GovernmentFirst will pay an initial fee for the right to transact reverse auctions across the PurchasePro Commerce Network on behalf of its customers. It will also pay supplemental license fees as auction volumes reach predetermined thresholds. Specific terms of the transaction were not disclosed.

      Chris Benyo, senior vice president of PurchasePro, said, ``GovernmentFirst is the first to adopt one of several new pricing models we will be introducing. It is volume based, which we believe is not only attractive in this very challenging economy, but also innovative in the B2B arena. GovernmentFirst is also the first client to purchase both an e-Procurement and e-Source license. In less than 30 days we had their procurement marketplace up and transacting.

      ``GovernmentFirst is focused and effective in serving their customers. This new pricing model allows GovernmentFirst to expand its already successful e-procurement presence in the business-to-government space with a best-in-class reverse auction tool to drive down costs.``

      Mr. Benyo added that, ``PurchasePro`s recent agreement with Avantrust, a joint venture between AIG and D&B, to provide suppliers on the PurchasePro Commerce Network with the Avantrust Passport, will certainly help to leverage GovernmentFirst`s efforts with municipalities.``

      The Avantrust Passport enables real-time verification of a company`s identity and creditworthiness through an easy-to-use Web interface. Powered by credit and financial information from D&B`s global database of more than 66 million business entities and proprietary credit algorithms created by AIG member companies, the Avantrust Passport provides PurchasePro buyers and suppliers with the information they need to make informed trading decisions, including recommended credit limits, recommended payment terms and a financial stability score.

      Although useful to any company, the Avantrust Passport will be especially helpful to smaller government agencies and school districts that may lack some of the credit-checking resources available to large corporations.

      Ken Day, executive vice president of GovernmentFirst, said, ``We believe that the e-Source solution will be instrumental to our success in attracting municipal governments to our portfolio of customers. Tough economic cycles like the one we are in are not only challenging for private sector companies, but the public sector as well. As the economy has slowed, many government agencies have seen budget surpluses dwindle and tax revenues decline.

      ``Driving hard costs down and increasing efficiency is critical for government agencies and educational institutions as they are challenged to provide increased levels of service to their constituents with less incoming revenue. We have derived great success from the use of the PurchasePro e-Procurement software and expect to leverage that advantage with the company`s e-Source solution in this, the beginning of a national rollout for GovernmentFirst.``

      About PurchasePro: PurchasePro(r), www.purchasepro.com, is a B2B e-commerce leader with the stated goal of providing software to enable enterprises of all sizes to gain universal access to the world`s largest commerce network. The PurchasePro Commerce Network comprises more than 300,000 businesses, authorized to buy and sell, and powers hundreds of private-label marketplaces. PurchasePro provides the following B2B e-commerce solutions: e-Procurement for enterprise-wide procurement; e-Source for strategic sourcing; v-Distributor for online distributors; and e-MarketMaker for Internet market makers.

      About GovernmentFirst: Founded in 2001, GovernmentFirst, www.egovernmentfirst.com, provides educational institutions, and state, county and city agencies with a new and exciting option for procuring goods and reducing costs associated with purchasing. For more information contact us at 888-873-5280, or visit us at our website.

      This news release may include forward-looking statements, which are subject to the ``Safe Harbor`` created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve certain risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements represent only the views of certain members of management and are based on limited information available to us now, which is subject to change. We have no current plan to update these statements. Actual results may differ substantially from what we say today and no one should assume at a later date that the forward-looking statements provided herein are still valid. They speak only as of today. For more information about these risks and uncertainties, see the SEC filings of PurchasePro.com, Inc., including the section titled ``Factors That May Affect Results`` in its 10-K filing for the period ended December 31, 2000, and its 10-Q for the quarter ended September 30, 2001, which are available from the company on request and on the Internet at the SEC`s website, www.sec.gov.


      Gruß, St.Paulianer
      Avatar
      schrieb am 29.11.01 18:21:45
      Beitrag Nr. 16 ()
      PurchasePro Says CEO and CFO Are Buying Stock
      LAS VEGAS, Nov. 29, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) said today that Richard L. Clemmer, chief executive officer, and Mark Donachie, chief financial officer, have initiated stock purchase programs for their personal accounts.

      Mr. Clemmer said, "Because of my strong confidence in PurchasePro, as well as in response to the voice of our shareholder base, I am accelerating my previously stated plans to purchase stock in the company on the open market. I intend to initially accumulate an additional 100,000 shares of PurchasePro stock over the next two weeks."

      Mr. Donachie said, "My intention is to purchase stock in PurchasePro equivalent to ten percent of my base salary. I believe strongly in this company, its management team and our ability to achieve our objective of profitability. My purchases will be made in two parts, one this week and one after the first of the year."

      About PurchasePro: PurchasePro(r), www.purchasepro.com, is a B2B e-commerce leader with the stated goal of providing software to enable enterprises of all sizes to gain universal access to the world`s largest commerce network. The PurchasePro Commerce Network comprises more than 300,000 businesses, authorized to buy and sell, and powers hundreds of private-label marketplaces. PurchasePro provides the following B2B e-commerce solutions: e-Procurement for enterprise-wide procurement; e-Source for strategic sourcing, v-Distributor for online distributors; and e-MarketMaker for Internet market makers.

      Safe Harbor: This news release may include forward-looking statements, which are subject to the "Safe Harbor" created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve certain risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements represent only the views of certain members of management and are based on limited information available to us now, which is subject to change. We have no current plan to update these statements. Actual results may differ substantially from what we say today and no one should assume at a later date that the forward-looking statements provided herein are still valid. They speak only as of today. For more information about these risks and uncertainties, see the SEC filings of PurchasePro.com, Inc., including the section titled "Factors That May Affect Results" in its 10-K filing for the period ended December 31, 2000, and its 10-Q for the quarter ended September 30, 2001, which are available from the company on request and on the Internet at the SEC`s website, www.sec.gov.



      ES GEHT LOS

      0,88$

      St.Paulianer
      Avatar
      schrieb am 29.11.01 18:36:17
      Beitrag Nr. 17 ()
      Zacks.com Featured Expert Issues Recommendations On: HAND, ARBA, TXCC, SUNW, AETH, NMHC, OSIS, and STOR

      CHICAGO, Nov. 27 /PRNewswire/ -- There is one consistent theme in the Coolcat Explosive Small Cap Stock Report...picking winners! The Coolcat Report gained 106% in 1999-2000 to beat the Nasdaq by better than 7-to-1 margin, which propelled the newsletter to the #5 rank of all investment newsletters followed by the Hulbert Financial Digest. Today, publisher Kevin Kennedy highlights some more companies on his radar screen for Zacks.com`s Featured Expert interview. For the complete report and more in-depth market commentary, visit http://www.featuredexpert.zacks.com

      (Photo: http://www.newscom.com/cgi-bin/prnh/20010924/CGM015LOGO )
      Here are the highlights from the Featured Expert column:


      Research by the Coolcat Report has found that oversold stocks with the lowest relative price strength come off the bottom stronger in a bear market rally. Using this strategy, the Coolcat Report has nailed the huge recent move in technology stocks. Among the newsletter`s top winners:

      * Handspring (Nasdaq: *!HAND!*), up 163% in 21 days.
      * Ariba (Nasdaq: *!ARBA!*), up 113% in 22 days.


      The Coolcat Report has also enjoyed big gains in stocks like ONI Systems (Nasdaq: ONIS), JDS Uniphase (Nasdaq: JDSU) and Sun Microsystems (Nasdaq: SUNW). Kennedy believes the recent pullback in TranSwitch (Nasdaq: TXCC) makes it a prime candidate to soar in the days ahead. Other top tech picks for the coming weeks are PurchasePro (Nasdaq: PPRO) and Aether Systems (Nasdaq: AETH).
      ............

      Das war ein Auszug aus dem Artikel.
      Zu finden unter Nasdaq.com


      Grüße, St.Paulianer
      Avatar
      schrieb am 29.11.01 20:47:59
      Beitrag Nr. 18 ()
      Datum: 29.11. 20:33 B2B: PruchasePro mit kräftigem Kurssprung


      Das B2B-Unternehmen PurchasePro (PPRO) konnte zuletzt über 17% im Aktienkurs zulegen nach das Unternehmen aus Las Vegas bekannt gegeben hatte, daß zwei Mitglieder des Managements über Aktienkaufprogramme verfügen wollten.

      Richard Clemmer, der CEO von PurchasePro, erklärte, 100 000 Aktien von PurchasePro über die nächsten zwei Wochen kaufen zu wollen und auch der CFO Markt Donachie wollte Aktien in zwei Tranchen kaufen, einmal diese Woche und dann Anfang nächsten Jahres.

      © Godmode-Trader.de
      Avatar
      schrieb am 29.11.01 20:49:01
      Beitrag Nr. 19 ()
      29.11. 20:33
      B2B: PruchasePro mit kräftigem Kurssprung
      --------------------------------------------------------------------------------
      (©BörseGo - http://www.boerse-go.de)

      Das B2B-Unternehmen PurchasePro (PPRO) konnte zuletzt über 17% im Aktienkurs zulegen nach das Unternehmen aus Las Vegas bekannt gegeben hatte, daß zwei Mitglieder des Managements über Aktienkaufprogramme verfügen wollten.

      Richard Clemmer, der CEO von PurchasePro, erklärte, 100 000 Aktien von PurchasePro über die nächsten zwei Wochen kaufen zu wollen und auch der CFO Markt Donachie wollte Aktien in zwei Tranchen kaufen, einmal diese Woche und dann Anfang nächsten Jahres.

      Na ja ... bis 1$ hat sie ja Platz.......
      Avatar
      schrieb am 29.11.01 21:39:54
      Beitrag Nr. 20 ()
      Alle noch dabei ? :D:D:D:D:D:D:D:D

      Stimmt bis 10 $ ist noch a bisserl Platz

      Gruss DerStaatsanwalt
      Avatar
      schrieb am 29.11.01 21:40:21
      Beitrag Nr. 21 ()
      Alle noch dabei ? :D:D:D:D:D:D:D:D

      Stimmt bis 10 $ ist noch a bisserl Platz

      Gruss DerStaatsanwalt
      Avatar
      schrieb am 03.12.01 15:41:18
      Beitrag Nr. 22 ()
      ZU PPRO:

      PurchasePro to Delay Annual Meeting
      11/29/01 5:06:06 PM
      Prev | Next


      LAS VEGAS, Nov. 29, 2001 (PRIMEZONE) -- PurchasePro (PPRO) said today that due to the resignation of its auditors, as announced in a Form 8-K filed with the SEC today, it has postponed its proxy filing and annual meeting, originally scheduled for December 10, 2001 and will announce a new date shortly.

      Richard L. Clemmer, chief executive officer, said, "While the timing of the Andersen resignation is unfortunate, as it has caused a delay in our filing of proxy materials, it allows the current management to select a new independent auditor and close the book on all those matters affecting our credibility with our shareholders."

      Mr. Clemmer pointed out, "At this point in PurchasePro’s history, I, and senior management, firmly believe we are on track to achieve our objective of profitability. While it’s taking somewhat longer than we had anticipated to overcome the company’s challenging past, we have rung up very important deals in the past few weeks including, Avantrust, Corporate Express and GovernmentFirst. These transactions represent immediate and recurring revenue to PurchasePro, and clearly signify the diminishing concern in the marketplace regarding our viability. We have a well-vetted pipeline of prospective business and we will be making more announcements as appropriate."

      ---------------------------------------------------------






      PurchasePro: PurchasePro Names Two New Directors to Board
      11/30/01 3:32:00 AM
      Prev | Next


      Nov 30, 2001 (Hugin) -- LAS VEGAS, Nov. 29, 2001 (PRIMEZONE) -- PurchasePro (PPRO) today announced the appointment of W. Donald Bell, chairman and chief executive officer of Bell Microproducts (BELM), and James Schraith, senior advisor to Quantum Technology Ventures, and formerly chief executive officer of Snap Appliances, a wholly owned subsidiary of Quantum Corporation (DSS), to its board of directors. Mr. Bell (63) and Mr. Schraith (44) replace John G. Chiles and Michael D. O’Brien on the board.

      Mr. Bell has served as chairman and chief executive of Bell Microproducts, a Fortune 1000 company, since its inception in 1987. Bell Microproducts is an international, value-added provider of a wide range of high-technology products, solutions and services to the industrial and commercial markets. The company’s offering includes semiconductors, computer platforms, peripherals, and storage products of various types including desktop, high-end computer and storage subsystems, Fibre Channel Connectivity products, RAID, NAS and SAN storage systems, back-up products, storage management software, and extensive support, integration and installation services.

      Mr. Schraith has been in his senior advisory capacity to Quantum Technology Ventures for two years. The fund invests in a broad range of companies that participate in the enterprise infrastructure market including the storage, networking and enterprise software segments. Earlier in his career Mr. Schraith was president and chief operating officer of AST Research and presently serves on the boards of Semtech Corporation (SMTC) and SONICblue (SBLU), as well as several private companies.

      Richard L. Clemmer, chief executive officer of PurchasePro, said, "We are very pleased to have Mr. Bell and Mr. Schraith join our board of directors. I have known them both for many years and believe very strongly that they will help to guide PurchasePro through its current challenging transition period and to the achievement of its objectives."

      About PurchasePro: PurchasePro(r), www.purchasepro.com, is a B2B e-commerce leader with the stated goal of providing software to enable enterprises of all sizes to gain universal access to the world’s largest commerce network. The PurchasePro Commerce Network comprises more than 300,000 businesses, authorized to buy and sell, and powers hundreds of private-label marketplaces. PurchasePro provides the following B2B e-commerce solutions: e-Procurement for enterprise-wide procurement; e-Source for strategic sourcing, v-Distributor for online distributors; and e-MarketMaker for Internet market makers.

      Safe Harbor: This news release may include forward-looking statements, which are subject to the "Safe Harbor" created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve certain risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements represent only the views of certain members of management and are based on limited information available to us now, which is subject to change. We have no current plan to update these statements. Actual results may differ substantially from what we say today and no one should assume at a later date that the forward-looking statements provided herein are still valid. They speak only as of today. For more information about these risks and uncertainties, see the SEC filings of PurchasePro.com, Inc., including the section titled "Factors That May Affect Results" in its 10-K filing for the period ended December 31, 2000, and its 10-Q for the quarter ended September 30, 2001, which are available from the company on request and on the Internet at the SEC’s Website, www.sec.gov.

      CONTACT: PurchasePro Steven D. Stern, Vice President, Corporate Communications & Investor Relations (702) 316-7000 steve.stern@purchasepro.com

      Matthew Brimhall Manager, Worldwide Public Relations (702) 316-7000 matthew.brimhall@purchasepro.com



      Copyright (c) 2001, HUGIN AS. All rights reserved.





      Grüße, St.Paulianer
      Avatar
      schrieb am 03.12.01 17:39:41
      Beitrag Nr. 23 ()
      PurchasePro Reports November e-Source Results; Sees $156
      Million Cross Network During November; PurchasePro Saves
      Companies $45 Million or 58 Percent in 30 Days

      LAS VEGAS, Dec. 3, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO)
      today
      reported that 184 reverse auctions were held using e-Source, the
      company`s strategic sourcing product, in the month ended November 30,
      2001, compared with 234 auctions held in October.

      Low bids in the November auctions totaled $78 million, compared with
      $125 million in October, with opening, or high bids totaling $123
      million, compared with $175 million in the prior month. The market
      spread, or implied savings, in November between total low and high bids
      was $45 million or 58 percent, compared with $50 million or 40 percent
      in October.

      PurchasePro also reported today that the number of buying organizations
      in November was 11, compared with 10 in October. The company said
      November reverse auctions attracted 3,166 bids from 1,077 suppliers,
      compared with the 4,198 bids posted in October from 1,313 suppliers.

      PurchasePro also announced today that 27,000 purchase orders, valued at
      $33 million crossed its commerce network in November, compared with
      29,000, valued at $33 million in October. For the quarter ended
      September 30, 2001, 82,000 purchase orders crossed the network valued
      at $86 million, compared with 60,000 purchase orders in the second
      quarter valued at $61 million.

      The company attributed the decline in November auctions, as well as
      purchase orders, to the Thanksgiving holiday, as well as an unusually
      high number of auctions and purchase orders in October that were
      delayed because of the events on September 11, 2001.

      Among the products purchased through e-Source were injection molding,
      Teflon bearings, filters, ball studs, tubing, bore tool clamps, film,
      janitorial services, plain spacers, production tools, digital cameras,
      plastics, trucks, services, high-speed diesel oil, polyfoam sheets and
      rolls, clutch assemblies, rack bar steel, food service equipment and
      installation and ferric chloride. Since PurchasePro began reporting
      monthly e-Source results in July 2001, 61 buyers have conducted 911
      auctions, totaling $541 million in high bids and $398 million in low
      bids, generating an implied savings of $143 million.
      Avatar
      schrieb am 08.12.01 13:44:07
      Beitrag Nr. 24 ()
      World`s Leading Hotel Chain Renews Contract for
      PurchasePro Software License


      LAS VEGAS, Dec. 7, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO)
      announced today that one of the world`s leading hotel chains has
      renewed its contract for PurchasePro`s enterprise-wide e-Procurement
      software product. PurchasePro`s clients in the hospitality industry
      include Best Western, Hilton, Accor, MGM MIRAGE, Sunstone, Swan, Park
      Place Entertainment, MeriStar and more than 5,000 hotels nationwide.

      still alive ;-) gruss, f
      Avatar
      schrieb am 10.12.01 20:42:04
      Beitrag Nr. 25 ()
      nice CC 2night meiner meinung nach... still very alive

      gruss, f
      Avatar
      schrieb am 10.12.01 21:15:28
      Beitrag Nr. 26 ()
      kewl purchase lebt...aber warum heute +26% in usa..weiss das jemand?

      mfg lekrud
      Avatar
      schrieb am 10.12.01 21:25:10
      Beitrag Nr. 27 ()
      @Lekrud

      B2b lief heute im allgemeinen sehr gut.

      Arba +21%
      Cmrc +19%
      Ppro +24%

      ,und das bei negativer Nasdaq ;)

      Gruß, St.Paulianer
      Avatar
      schrieb am 10.12.01 21:29:59
      Beitrag Nr. 28 ()
      @stpaulianer....thx hast recht.hab heute noch gar nicht geschaut.und jetzt wo ich es tue zieht vert auch aufeinmal richtig an! :)

      mfg lekrud
      Avatar
      schrieb am 10.12.01 23:13:58
      Beitrag Nr. 29 ()
      PurchasePro hat heute eine interessante charttechnische Entwicklung erreicht. Der Kurs war in der letzten zwischen der 38-Tage Linie (untere Begrenzung) und der 100 Tage-Linie (obere Begrenzung) in einem Dreieck `eingeklemt`. Heute kam dann der deutliche Ausbruch nach oben mit Schlußkurs (0,86 US$, +25%)über der 100-Tage Line bei hohem Umsatz. Gleichzeitig hat der MACD ein Kaufsignal erzeugt.



      Das läßt auf mehr hoffen ...

      Gruss Fraktal
      Avatar
      schrieb am 11.12.01 01:37:27
      Beitrag Nr. 30 ()
      Alle noch dabei?

      :D:D:D:D

      Da ist noch vieeeeeel Platz drin
      Avatar
      schrieb am 11.12.01 10:46:51
      Beitrag Nr. 31 ()
      @ Lekrud
      gruende waren (IMO)
      - informal shareholder meeting (von mir in #25) faelschlicherweise als cc bezeichnet...
      - clemmer & co haben wieder shares gekauft
      - b2b 30 days nach letztem hoch (9.Nov) wieder steuertechnisch kaufbar in usa
      gruss, f
      Avatar
      schrieb am 11.12.01 10:53:23
      Beitrag Nr. 32 ()
      Thx @ 1fb...liest sich ja ganz gut!Interesse steigt wieder.


      mfg lekrud
      Avatar
      schrieb am 11.12.01 15:43:39
      Beitrag Nr. 33 ()
      sauba 1,10€ :)
      Avatar
      schrieb am 11.12.01 20:27:53
      Beitrag Nr. 34 ()
      20:25---> 1,24 $..gogogo
      Avatar
      schrieb am 12.12.01 07:59:07
      Beitrag Nr. 35 ()
      @all

      strong buy !

      PurchasePro CEO Addresses Shareholders at Informal Meeting

      12/11/2001 8:02:00 PM

      LAS VEGAS, Dec. 11, 2001 (PRIMEZONE via COMTEX) -- The following is the prepared text of the remarks by Richard L. Clemmer, chief executive officer of PurchasePro (PPRO) , delivered to an informal meeting of shareholders on December 10, 2001. A replay of the meeting may be heard on the company`s investor relations website located at www.irconnect.com/ppro.


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      Get the latest news
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      Thank you for attending this rather unusual informal meeting of shareholders. We appreciate the time you are taking to visit with us and look forward to answering any questions you may have about the company. Before I open the floor to questions, I`m going to take a moment to discuss, on a macro level, the actions we are taking to turn PurchasePro around, where we are and where we are going.

      Last June, we initiated a strategy to reverse the fortunes of PurchasePro. We reduced headcount by more than 50 percent and initiated a strategic cost control program. This fall, we reduced headcount further and implemented an even more severe program to control our costs and bring our cash expense burn rate down. These are strong measures. They are measures to protect our technology and our customer relationships. Our product has clearly proven to bring real value to our customers. And make no mistake about it: We are taking all of the correct actions to be successful. We believe we will achieve our primary objective of profitability.

      I believe it`s very important, at this point, to discuss the nature of a turnaround; what a turnaround means; when it is complete. First, there is a common notion among a number of our shareholders, according to the mail and calls we have received, that turnarounds can be completed in a matter of months. Frankly, this belief is without a historic basis. That is the case not only for PurchasePro, but in any such situation.

      First let`s discuss the notion of a turnaround. This is a financial, economic and marketing war comprised of many small battles. Have we lost any? Sure. But we are winning more than we are losing. It takes time to clean up a balance sheet and rebuild credibility. Frankly, I would have thought that in light of the deals we have announced this quarter, and our two new board members, we would have seen an improvement in the consensus view of our shareholders. Think about this for a moment: AIG and Dun and Bradstreet selected PurchasePro, not Ariba, not Commerce One, not I2, but your company to engage. Don Bell of Bell Microproducts and Jim Schraith of Quantum Technology Ventures have joined the board. Both of these men possess extraordinary business acumen and remarkable backgrounds. In fact, they joined the board following the resignation of our auditors. This is a major step in the turnaround process; the reconstitution of our board. But remember, turnarounds take time and have many steps. How much time? I can`t answer that question, except to say that I consider a turnaround complete following four consecutive quarters of profitability.

      What do I consider progress? Continued dedication and diligence of an employee base in the face of challenge. We have it. Increasing sales: We are demonstrating that. Improving bottom line results: We believe you will see that. In short, our senior management, our employees and I are proud of our progress. More importantly, we are absolutely confident that we will succeed.

      Frankly, I believe you should be equally confident. We have done virtually everything our shareholder base has requested. Moreover, we are probably more responsive to our shareholders than any other public company in the world. Is this a difficult situation? You bet it is. But it`s a challenge PurchasePro is meeting and overcoming. Frankly, if you, our shareholders are not prepared for this kind of volatility; if you do not approve of how we are handling these challenges, my own view is that PurchasePro is not your kind of investment.

      On the other hand, if you take the time to truly look at our accomplishments since June; if you take the time to look at our business and business history in general; and if you take the time to see how PurchasePro`s products significantly differentiate us from our competitors, I have no doubt that you`ll have the same confidence we have. Buckle up your seatbelts and be prepared for a great ride.

      Thank you again for being here. Before I open it up to questions, there are a couple of housekeeping matters. Following the Q and A, we`ll take you over to our building for a demonstration of our applications; then a tour of PurchasePro. Following that, we will be serving lunch back here.

      I`ll take questions now.

      KEYWORDS: ECOMMERCE, WEBCAST

      CONTACT: PurchasePro Steven D. Stern, Vice President Corporate Communications and Investor Relations (702) 316-7000 steve.stern@purchasepro.com Matthew Brimhall, Manager Worldwide Public Relations matthew.brimhall@purchasepro.com (702) 316-7000DELIVERED BY PRIMEZONE MEDIA NETWORK 800-307-6627
      Copyright (c) 2001. PrimeZone Media Network, Inc.
      Avatar
      schrieb am 12.12.01 22:33:53
      Beitrag Nr. 36 ()
      Die Aktie ist so geil !!!!!!

      schon wieder 31 % gestiegen.

      Voll der Wahnsinnd as teil. JUHUUUUUU noch keine Woche drin und schon wieder 100 % im Sack. Weiter BABY RUN;RUN !!
      Avatar
      schrieb am 12.12.01 22:39:43
      Beitrag Nr. 37 ()
      ES GEHT WEITER !!!!

      Nachbörslich schon wieder 10 % !!!!!!!!!!!!

      Wenn morgen die Nasy nach oben geht sehen wir bald die 2$!
      Avatar
      schrieb am 12.12.01 23:10:51
      Beitrag Nr. 38 ()
      @ Focke

      Wo Schaust Du bitte die Nachbörse ? Danke für Antwort.
      Avatar
      schrieb am 12.12.01 23:12:11
      Beitrag Nr. 39 ()
      Bei Island
      Avatar
      schrieb am 12.12.01 23:21:04
      Beitrag Nr. 40 ()
      echt geile Sache.
      Werde jetzt erst mal meinen Stop Loss etwas nachziehen.

      grüsse, adson


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