issued a statement refuting a report that the company lost its account with
financial assurance unit.
The e-commerce application software company, based in Redwood City, Calif., said a
Credit Suisse First Boston
analyst incorrectly stated that
is pulling its BroadVision implementation. BroadVision said it "remains a preferred supplier to GE."
Shares of BroadVision were down $3.31, or 13.6%, to $21.56 in after-hours trading on the
, while shares of General Electric closed at $53.50, after falling 44 cents, or 0.8%, on the
New York Stock Exchange