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Home > Company Index > Diversified Services > Miscellaneous Business Services > PurchasePro.com, Inc.

PurchasePro.com, Inc.
Nasdaq: PPRO
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 NEWS FROM THE WIRES
Brazil markets slide on Argentine, U.S. impact
Aug 17 2001 01:55 PM PDT

PurchasePro pins hopes on partnerships
Aug 17 2001 01:53 PM PDT

PurchasePro posts wider Q2 net loss
Aug 07 2001 03:42 PM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
PurchasePro Pins Hopes on Partnerships
Aug 17 2001 02:07 PM PDT

The Nasdaq Kicks It to 6
May 22 2001 02:11 PM PDT

Nasdaq Starts to Slip
May 22 2001 09:38 AM PDT

PurchasePro's Flashy CEO Resigns
May 21 2001 03:03 PM PDT

Investors Head for the Smoking Section
Apr 25 2001 09:34 AM PDT

 PROFILE
PurchasePro.com plays matchmaker to lonely businesses looking for e-commerce relationships. The company helps businesses sell goods and services online to other businesses. Customers buy PurchasePro.com memberships in order to access buying-and-selling communities, or "e-marketplaces." Services include group-buying discounts, competitive bidding, Web site development, and customized e-catalogs. PurchasePro.com targets small and medium-sized businesses, but it also has larger customers such as Office Depot. The company teamed with AOL Time Warner to co-develop a business exchange, resulting in 18% of PurchasePro.com's 2000 revenue. Founder and former CEO Charles Johnson owns 14% of the company, which is facing a rash of shareholder lawsuits alleging its executives released misleading financial statements. It is also laying off about half of its staff.

 COMPETITION
Ariba, Inc. (ARBA)
Commerce One, Inc. (CMRC)
FreeMarkets, Inc. (FMKT)

 DEALS
Deal: PurchasePro Grabs BayBuilder
Date Announced: 03.06.01
Value of transaction (US $Mil): 15
Description: B-to-b e-commerce solutions company PurchasePro will expand role in the strategic sourcing market with the acquisition of BayBuilder, a reverse auction software company, for $15 million in stock and cash.

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 TRACKERS
Jun. 18, 2001 - LAYOFF TRACKER
200 laid off
Description: Layoffs represent almost 50% of its workforce.

May 01, 2001 - LAYOFF TRACKER
103 laid off
Description: Attempting to achieve profitability.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 65.00
1-Yr. Sales Growth: 983.3%
Employees: 542
Revenue per employee: $119,926.20

 KEY PEOPLE
• Richard T. Bradley
    CEO
• Richard L. Clemmer
    CFO

 CONTACT INFO
3291 N. Buffalo Dr.
Las Vegas, NV 89129
US
Phone: 702-316-7000
Fax: 702-316-7001
Online: Web Site

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