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Home > Company Index > Diversified Services > Miscellaneous Business Services > PurchasePro.com, Inc.
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PurchasePro.com, Inc. |
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NEWS FROM THE WIRES |
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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 |
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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 |
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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 |
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Ariba, Inc. (ARBA)
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FreeMarkets, Inc. (FMKT)
DEALS |
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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.
> Search all deals for this company
TRACKERS |
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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.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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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 |
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Richard T. Bradley
CEO
Richard L. Clemmer
CFO
CONTACT INFO |
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3291 N. Buffalo Dr.
Las Vegas, NV 89129
US
Phone: 702-316-7000
Fax: 702-316-7001
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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