Aspect Development Announces Two-for-One Stock Split
Stock Split to Be Effective February 25, 2000
Aspect Defines Next Generation of B2B eCommerce Solutions
MOUNTAIN VIEW, Calif., Feb. 15 /PRNewswire/ -- Aspect Development, Inc. (Nasdaq: ASDV) today announced that its Board of Directors has authorized a two-for-one stock split payable to shareholders of record as of the close of business on February 25, 2000. The stock split will be effected in the form of a 100% stock dividend. Aspect's transfer agent will deliver new stock certificates representing the additional shares on or about March 10, 2000. The company last split its stock in August of 1998. Upon completion of the stock split, Aspect will have approximately 60 million shares outstanding.
Aspect Defines Next Generation of B2B eCommerce Solutions
Aspect is the leading provider of collaborative solutions for B2B eCommerce and inbound supply management. Aspect decision support software and content solutions for the enterprise and for exchanges and eMarkets are helping companies completely restructure their supply chains and convert them into trading networks to take full advantage of the Internet. Aspect helps these companies reduce their spend on direct and indirect materials and supplies and increase their revenue through faster development of new products by enabling collaboration inside the enterprise and with its trading partners. Aspect solutions are being used by 180 of the world's largest companies who collectively represent combined revenue of over one trillion dollars and combined spend of $500 billion.
"The next generation of B2B eCommerce is all about collaboration between trading partners in supply, design, and operations," said Dr. Romesh Wadhwani, Chairman and CEO of Aspect. "Aspect is the leading global provider of the decision support and content solutions required by this next generation of B2B exchanges and portals, delivering large value and differentiation by enabling content management, spend aggregation and design collaboration across an entire trading network of many buyers and suppliers. These Aspect Collaborative Exchanges for supply, design and operations complement the transaction exchanges and eProcurement solutions offered by CommerceOne and Ariba, and planning exchange solutions offered by i2. All of these companies are Aspect partners. The next generation of B2B eCommerce solutions is also about much more than the purchasing of office supplies. It's about the seamless integrated management of direct components and materials, mission critical equipment and spares, and general purpose MRO supplies. Aspect is an absolute leader in this area. As customers understand the need to deliver high value and differentiation in their B2B marketplaces, they are responding enthusiastically to these new Aspect solutions." |
