View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 4, 1998

ASPEN REQUESTS TRADING SUSPENSION

By CBR Staff Writer

Aspen Technology Inc, the process control software house from Cambridge, Massachusetts, asked for its shares to be temporarily suspended from trading on the Nasdaq exchange on Friday pending clarification of its first quarter preliminary results. The company cited an unexpected shortfall in both revenues and earnings, saying that a full statement would be issued before the commencement of trading on Monday. The request to halt trading came mid-way through Friday afternoon after extremely heavy trading had pushed the share price down by 38% to $14.81. Aspen has more than trebled in size over the past three years. It sells its process design software into sectors such as the pharmaceutical and petroleum industries.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU