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Tech Industry dinged by downgrades

E-commerce technology and content provider fell 1 7/8, or 12 percent, to 14 1/4 Monday after a pair of brokerage firms downgraded the stock.

Last week, (Nasdaq: PCOR) posted a first-quarter loss of $2.4 million, or 14 cents a share, on sales of $15.3 million.

On Monday, Pacific Growth Equities cut the stock from a "strong buy" recommendation to a "buy" while Southwest Securities chopped it from a "buy" rating to "accumulate."

The $15.3 million in sales represented a 100 percent jump from the year-ago quarter when it lost $2.8 million, or 20 cents a share, on sales of $7.6 million.

"In the first quarter, we focused on our core business -- expanding our content reach and contributing to the success of our current customers' businesses," said CEO Ross Cooley in a prepared release. "The convergence of content and commerce presents significant opportunity for pcOrder in the coming quarters as we continue to help our customers take advantage of the Internet as a business-to-business lifeline." shares got off to a terrific start in its initial public offering in February 1999. Since then, its shares moved as high as 73 3/4 in November.

Three of the four analysts tracking the stock rate it either a "buy" or "strong buy."

First Call Corp. expects to lose 14 cents a share in its second quarter and 46 cents a share in the fiscal year.