AUSTIN, Texas (Dow Jones)--Vignette Corp. (VIGN, news, msgs) signed a definitive agreement to acquire the stock and stock options of DataSage Inc. for 3.16 million common shares.
In a press release Monday, Vignette said it expects to ecord acquisition costs and integration-related charges associated with the transaction in the first and second quarters of 2000, which include costs associated with product integration, cross training and other merger-related items.
A First Call/Thomson Financial survey of 12 analysts produced a consensus estimate of a loss of 6 cents a share in the first quarter and 4 cents a share in the second quarter.
Vignette plans to account for the acquisition of DataSage as a purchase and expects to complete the transaction by March 31.
For the first quarter ended March 31, 1999, Vignette eported a loss of 28 cents a share on a presplit basis; the company reported a loss of 22 cents a share in the second quarter ended June 30, also on a presplit basis. Vignette paid a 2-for-1 stock split Dec. 1 to shareholders of record Nov. 15.
Vignette supplies electronic business applications for building online businesses.
DataSage, Boston, provides electronic marketing software.
**** Note: briefing.com opinion -- "Datasage software mines large customer transaction databases to help individualization efforts; this sets VIGN up as an even tougher competitor for BVSN, ARTG, and INTW." **** |
