PurchasePro jumps on solid results

Summary:PurchasePro gained 15 percent Tuesday asanalysts sang the praises of thebusiness-to-business company's fourth quarter andsaid its critics can eat humble pie.PurchasePro shares lost more than 42 percent of theirvalue last week after Barron's questioned thecompany's business model and valuation andPrudential Securities downgraded the stock from"strong buy" to "accumulate.

PurchasePro gained 15 percent Tuesday as analysts sang the praises of the business-to-business company's fourth quarter and said its critics can eat humble pie.

PurchasePro shares lost more than 42 percent of their value last week after Barron's questioned the company's business model and valuation and Prudential Securities downgraded the stock from "strong buy" to "accumulate." Full story. -- Tiffany Kary, ZDNet Inter@ctive Investor

Topics: Tech Industry

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