Top 10 Worst Performing VARBusiness 500 Stocks Of 2007


NAME: Axciom

LOCATION: Little Rock, Ark.

2007 VARBusiness 500 RANK: 50

CEO: Charles Morgan (ret.)

TICKER SYMBOL: ACXM

STOCK PRICE, JAN. 3, 2007: $25.40

STOCK PRICE, DEC. 14, 2007: $11.23

PCT. CHANGE: -55.8%

SPECIALTY: Database marketing services and data management software.

FINANCIALS: Revenue for the second quarter of Axicom's fiscal 2008 was $351.0 million, an increase of 0.8 percent compared with $348.3 million for the comparable prior-year period. Income from operations for the three-month period equaled $20.4 million compared to $41.9 million for the quarter ended Sept. 30, 2006. The stock was pushed down also in October, after a proposed buyout deal fell apart. As a result, CEO Morgan retired, but is acting in the capacity until a replacement is named.