Briefs

NEW YORK, Jan 16 (Reuters) - Accrue Software Inc. (NasdaqNM:ACRU -
news), a provider of analytic solutions Internet-sites, warned on
Tuesday that its third-quarter net earnings would be significantly
below its earlier estimates.

The Fremont, Calif.-based company also said in a statement that it had
named Greg Walker interim chief executive officer, replacing Rick
Kreysar. Executive search firm Korn Ferry International would help
find a new CEO.

The company said that based on preliminary data, gross revenues for
the third-quarter would be below the range of previously stated
guidance, and net revenues and net earnings for the same period would
be significantly below previously stated guidance. The company plans
to report third-quarter results on or about Feb. 13.

The company had $20 million in cash, said chairman of the board Robert
Smelick. The company said that founder Jonathan Nelson would join the
the board, replacing Brooke Seawell.

The company's shares were down $1, almost 35 percent at $1-7/8 in
morning trading on the Nasdaq. The company is down more than 98
percent from its 52-week high of $61-11/16.

Source Yahoo Finance/Reuters