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Ecommerce software company Vignette surprised a gloomy dot-com sector by announcing its losses will be smaller than previously expected.
By Ben King
Published: 10 April 2001 12:04 BST
The company expects to lose one cent per share excluding one-off costs - half the two cents per share losses predicted by analysts.
Last week saw another slew of profit warnings from the ebusiness sector, including Vignette rivals Broadvision.
In January, Vignette cut 345 of its 2,300 staff in a bid to cut costs.
Vignette shares closed up eight per cent yesterday at $4.19, but still far below their $70 peak.
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