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U.S. Interactive Plummets on Warning

Author:

Internet consultant

U.S. Interactive

(USIT)

hit a new low of $2.56 and was down 31.3% in mid afternoon after warning that third-quarter earnings would miss expectations due to the company's failure to keep pace with market changes and reduced funding for its dot-com clients. The company did not release an EPS forecast.

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J.P. Morgan

cut it to market perform from buy.