BroadVision

(BVSN) - Get Report

issued a statement refuting a report that the company lost its account with

General Electric's

(GE) - Get Report

financial assurance unit.

The e-commerce application software company, based in Redwood City, Calif., said a

Credit Suisse First Boston

analyst incorrectly stated that

GE Capital

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

Nasdaq

, while shares of General Electric closed at $53.50, after falling 44 cents, or 0.8%, on the

New York Stock Exchange

.