By Kate Hanaghan, 8 April 2002 16:30
NEWS Web host Loudcloud has said it will not be able to issue guidance on its revenues for the coming year following the collapse of one of its largest customers on Friday. Loudcloud, founded by Marc Andreessen, saw its share value drop 15 per cent to $1.92 on Friday after Atriax, a company that provides online trading platforms for foreign exchange, said it is ceasing operations. During early morning trading in the US today, Loudcloud lost a further 22 per cent. The company, which in November won a lucrative contract to host the government portal UK Online, announced today that until it has fully assessed the impact of the closure of Atriax it will not be able to predict the state of its revenues for the current financial year.
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