Ariba warns on 2Q

verfasst von YIHI, 02.04.2001, 22:31

Ariba warns on 2Q
Software company will also cut 1/3 of workforce and ends merger plans with Agile
April 2, 2001: 4:25 p.m. ET


NEW YORK (CNNfn) - Ariba Inc., which makes Web-based procurement software, said Monday its second-quarter revenues will be significantly lower than previously anticipated and the company now expects to lose money for the quarter.

Ariba also announced plans to cut a third of its workforce, and terminate its expected merger with Agile Software (AGIL: Research, Estimates), originally valued at $2.6 billion.

Mountain View, Calif.-based Ariba said it expects to lose 20 cents per share with revenues of $90 million. Analysts surveyed by First Call expected the company to earn 5 cents per share.

The company blamed a slowdown in both the economy and technology spending for causing an unexpected drop off in sales.

Ariba said it will cut 700 jobs to reduce spending and will also incur"significant one-time write-offs relating to, among other things, investments and real estate commitments."

Shares of Ariba (ARBA: Research, Estimates) fell $1.37 to $6.53 on the Nasdaq.





[Übrigens hat heute schon ITWO gewarnt, Aktie zweistellig gestiegen. Gewis eingebreist? - Möglich. Dann auf zur Rally in den nächsten Tagen.]

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• Ariba warns on 2Q - YIHI, 02.04.2001, 22:31
  • Re: Ariba warns on 2Q - BossCube, 02.04.2001, 22:39
    • was für ne Todesliste und wo finde ich sie?? Danke! owT. - richie, 03.04.2001, 07:38
      • Todesliste - SALOMON, 03.04.2001, 09:13