Gifts for $25 or Less Spotify Wrapped Neuralink Brain Chip Black Hole Burps Light of 1,000 Trillion Suns Stamp Price Increase Streaming Services to Cancel Melatonin Rival Monkeypox Renamed
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Webb pops 43 percent as CEO buys shares

Webb Interactive Services, Inc. (Nasdaq: WEBB) CEO Perry Evans boosted his company's stock 43 percent Friday by announcing he would repurchase shares.

Shares in the maker of an XML-based technology platform for online commerce were up 0.88 to 2.88.

In response to numerous investors' concern with the decline in its share price, he issued a statement saying he is "disturbed and puzzled over the decline in value of Webb shares."

"We remain confident with respect to near-term new customer relationships and the effective deployment and sufficiency of our financial resources," Evans added.

The company also said it is on track for another record-setting year in 2001 as its Jabber subsidiary begins to hit stride alongside the core AccelX business.