Thursday, February 19, 2004

WebMethods to Close Office, Lay Off Workers

I almost missed this:

"WebMethods lost $11.1 million in the quarter ended Dec. 31. Since it went public in 2000, WebMethods has only reported a profit in one quarter, $157,000 for the three months ended March 31, 2003.

"Their inability to show profitability has been a very sore spot for investors," said David Hilal, an analyst at Friedman, Billings, Ramsey & Co. "They are doing what they can to appease investors."


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