National Information Consortium Drops 24% on Delay of Profitability - TheStreet

National Information Consortium

(EGOV) - Get Report

, which provides software and services to governments, was down 23.8% in early


trading, after saying it would not turn an operating profit until 2002.

The company had been expecting to pass the break-even point in 2001. On Sept. 20, it issued an earnings warning and announced layoffs.