Baan share price hits a new low
Struggling Dutch ERP giant Baan has admitted its plummeting share price could rob it of the time it needs to turn around its financial crisis.
The company has posted seven successive quarterly losses and seen its chief executive and financial director resign in recent weeks.
This week its share price has continued to plummet and 12% of its value was wiped out yesterday on the Amsterdam stock market as its price hit a new low of Euro 2.33 amid talk of cash lifelines being pumped into the company.
Nobody was available for comment at Baan due to a Dutch public holiday.