AUSTIN, Texas – FIData, an Internet lending solutions and call center firm, has cut an undetermined number of jobs. "We've had some cutbacks. FIData is not going out of business. It is true we have made some cutbacks we felt were necessary because of a sales slowdown," said David P. Tusa, Senior Vice President and CFO, for New Century Equity Holdings, the parent company for FIData. FIData has approximately 95 CU clients. New Century is having problems of its own. It has failed to maintain a minimum bid price of at least $1.00 over the prior 30 consecutive trading days as required by Nasdaq Marketplace Rules. The company will be provided 90 days, or until December 3, 2001, to regain compliance with the rules or be delisted from the Nasdaq. The majority of New Century's subsidiaries are e-commerce firms.
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