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Short Take: TheGlobe.com expects to cut losses

Former dot-com poster stock TheGlobe.com says it will narrow its losses and break even by the end of 2001. Pro forma net loss is pegged between $10 million and $11 million on revenues of between $43 million and $45 million in 2001. For 2000, the company lost $39 million on revenues of $29 million. Chief financial officer Stephanie J. Hauge, who replaced Frank Joyce on Tuesday, said that the company expects to reach breakeven by the end of 2001.

Former dot-com poster stock TheGlobe.com says it will narrow its losses and break even by the end of 2001. Pro forma net loss is pegged between $10 million and $11 million on revenues of between $43 million and $45 million in 2001. For 2000, the company lost $39 million on revenues of $29 million. Chief financial officer Stephanie J. Hauge, who replaced Frank Joyce on Tuesday, said that the company expects to reach breakeven by the end of 2001.