Quotes About PurchasePro

AOL had a very strong motive to create the appearance of high revenues for PurchasePro because the value of the warrants AOL had received in the deal depended on PurchasePro's performance.

As so often happened during the dot-com bubble days, the revenues that AOL and PurchasePro were counting on did not materialize. And instead of confronting that harsh reality, AOL and PurchasePro cooked up a scheme to inflate PurchasePro's revenues.