Nasdaq Halts Trading Of Interliant Common Stock

Interliant

Interliant CEO Bruce Graham expressed his disappointment, but added that the company "will continue to focus on our business of providing our customers with the best possible infrastructure solution."

Interliant will now trade on Nasdaq's OTC Bulletin Board.

While the company narrowed its losses quarter over quarter in February 2002, completed a massive restructuring and landed $10 million in new funding, it wasn't enough to recover from significant hits such the recorded loss of $120 million for the third quarter of 2001.

Last year, Interliant began selling off what is considered to be non-core offerings such as its CRM and ERP practices. One of the most recent moves was the sale of its PeopleSoft consulting group to Springbow Solutions in February 2002.

The company shed its ASP offerings and positioned itself as a managed infrastructure solution provider.