By Julian Goldsmith, 19 July 2000 08:59
NEWS UK ISP Freeserve suffered a drop in share price early today, after the company's broker, Credit Suisse First Boston (CSFB) predicted the company would double its losses for 2001.
Freeserve shares dropped over five per cent to 344p in early trading following the news. Parent company Dixons also saw a slight drop in share price.
According to reports in the the UK's Financial Times, CSFB predicted Freeserve's losses to reach £61m in 2001, moved up from £27.4m.
The adjusted prediction was attributed to rising costs for the ISP, but still slated the company to go into profit by 2003.
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