Top 10 Worst Performing VARBusiness 500 Stocks Of 2007

NAME: BearingPoint


2007 VARBusiness 500 RANK: 28

CEO: Ed Harbach


STOCK PRICE, JAN. 3, 2007: $7.87

STOCK PRICE, DEC. 14, 2007: $2.25

PCT. CHANGE:-65.06%

SPECIALTY: Provides management and technology consulting services to Global 2000 companies and government organizations in 60 countries.

FINANCIALS: Its stock tumbled in early December after reporting a third-quarter loss that more than doubled as higher costs outpaced a sales increase. In the quarter, the company posted a $68 million loss, or 32 cents per share, compared with $29.6 millio loss, or 14 cents per share, during the same period a year earlier. Analysts had been expecting a loss of 11 cents per share, on average, according to Thomson Financial. The same day, Harbach replaced Harry You as CEO.

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