Stock Watch: Scient Falls as Dot-Com Jitters Spread

Scient Corp. (Nasdaq: SCNT) fell 9 5/8 to 37 7/16 Monday on reports that the general dot-com cash crunch may hurt the company, which provides Internet consulting services.

Wire reports said Banc of America Securities downgraded the stock to market perform from buy. Banc of America’s James Janesky reportedly cited concern that the company might not be able to collect money owed by bankrupt clients.

Shares of Viant Corp. (Nasdaq: VIAN) and Sapient Corp. (Nasdaq: SAPE) also fell.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

Elon Musk's Dec. 2 action to release The Twitter Files: Approve or Disapprove?
Loading ... Loading ...

LinuxInsider Channels