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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)
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To: j.j. jingleheimerschmidt who wrote (721)2/1/2000 9:50:00 PM
From: puborectalis  Read Replies (1) of 2110
 
Ariba Chairman and Chief Executive Keith Krach planned to sell 300,000
common shares of the e-commerce company, a transaction valued at
$54.6 million in the open market, according to a Form 144 released
Tuesday.

Krach registered to sell the shares on Jan. 20, using Morgan Stanley to
broker the deal.

Shares of the
Mountain
View-Calif.-based
provider of
business-to-business
e-commerce solutions
(ARBA: news, msgs)
dipped after the
company announced
earnings less than two
weeks before Krach planned to sell.

Excluding stock-based compensation, the company reported a net loss of
$5.61 million, or 7 cents a share. Analysts had expected a loss of 11
cents a share. That's on par with a 7-cent-a-share loss in the year-ago
period. See related story.

There are an estimated 91.9 million shares of Ariba outstanding. The
stock fell 1 3/8 to close at 161 1/4 on Tuesday.
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