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BroadVision Falls as It Misses Expectations

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BroadVision (BVSN) - Get BroadVision, Inc. Report was down 17.2% in preopen Island trading. After the close, the e-business software company reported fourth-quarter earnings of 3 cents, below the First Call/Thomson Financial estimate of 5 cents and the year-ago 3 cents. Revenue more than tripled but expenses also rose and the company said first-quarter revenue would be flat compared with the fourth quarter. Credit Suisse First Boston downgraded it to hold from buy and sliced it 2001 earnings estimate to 17 cents per share from 25 cents. Goldman Sachs cut its earnings estimate to 17 cents from 26 cents.

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