Here's what Reuters has to say about Mercator's stock and why it
dropped:
<<Start of Article>>
Mercator Software shares dive on filing delay
NEW YORK, Aug 16 (Reuters) - Shares of business software maker Mercator
Software Inc. (NasdaqNM:MCTR - news) dived more than 44 percent
Wednesday after the company notified the Securities Exchange Commission
that it would file its official second-quarter financial statement late.
The delay was compounded by the fact the company declined to say why the
filing would be late, said Ken Kiarash, Internet analyst with the
Buckingham Research Group.
Shares of Mercator were down 12-13/16, or 44.28 percent to 16-1/8 and
were the top percent losers and the second-greatest net losers on the
Nasdaq.
``The market market has become very nervous,'' said Kiarash, who last
month downgraded the stock to a sell from a market perform. ``They're
puzzled by the announcement. The company has given zero response.''
Cynthia Cronk Brockhoff, director of investor relations told Reuters
that the company ``didn't have all the necessary information to make the
filing. There's really nothing more I can say.''
The delay notification was filed Aug 15, and allows the company to
postpone the official filing until Monday. Companies have 45 days from
the last day of their quarter to file their official report with the
SEC.
On July 17, the company released its second-quarter earnings that fell
well short of analysts expectations and sent shares of the Wilton,
Conn.-based Mercator down 60 percent.
<<End of Article>>
-----Original Message-----
From: Chuck Boucos [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, August 16, 2000 5:20 PM
To: [EMAIL PROTECTED]
Subject: Re: Mercator Stock Price
I am a VAR for three products in the Mercator Product Line (Mercator,
Trading Partner PC32, and ASN Complete) and have received no indication
of
any problems with the company. In fact, business is very, very good, at
least from my point of view.
Chuck Boucos
Willow Farm Solutions
http://www.willowfarmsolutions.com
-----Original Message-----
From: Electronic Data Interchange Issues
[mailto:[EMAIL PROTECTED]]On
Behalf Of Darnell, Dave
Sent: Wednesday, August 16, 2000 6:02 PM
To: [EMAIL PROTECTED]
Subject: Re: Mercator Stock Price
I am a Mercator partner (for about 6 years) as well and have not heard
anything negative either.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dave Darnell
Systrends, Inc
7855 South River Parkway, Suite 111
Tempe, Arizona 85284
Web: www.systrends.com
Phone: 480.756.6777 x201, Fax 480.756.9755
Mobile: 602.432.3353
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, August 16, 2000 2:27 PM
To: [EMAIL PROTECTED]
Subject: Re: Mercator Stock Price
We are Mercator alliance partners (as well as for webMethods/Active,
STC,
etc.). Mercator has just won integration rights into mySAP.com, begun
extensive activity into financial portals, etc. None of the other
alliance
partners or ourselves are dissatisfied with the way Mercator is selling
or
accepted by clients; there aren't any market issues negatively affecting
the
stock price known to me at this time.
Regards,
Nora
In a message dated 8/16/2000 2:21:44 PM Central Daylight Time,
[EMAIL PROTECTED] writes:
<< The Mercator stock (mctr) price has dropped this afternoon from $29
to
$16. This stock was in the low $60's several weeks ago.
Does anyone know if this company in real trouble.
Mark Haines
Armer & Haines Advisory Group
>>
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