Ariba Wins the Award That No Company Wanted

Ariba(ARBA Quote) investors, maybe you can take solace in this: your stock is a leader once again. It's just not exactly in a category you're going to be proud of.

Ariba Wins the Award That No Company Wanted

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Ariba's shares turned in the worst performance of any stock with a market capitalization of $1 billion or more during the first quarter of 2001, off more than 85%, as of March 29. That's quite a distinction, as many market watchers Friday afternoon were already calling this one of the worst quarters in the history of the stock market.

Even before those results were final, though, analysts up and down Wall Street were doing their best to brace for a profit warning from Ariba, the erstwhile king of B2B software. ...