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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)

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To: Mark Oliver who wrote (1770)	3/8/2001 3:18:56 PM
From: Luce Wildebeest	of 2110

By Georg Szalai New York, March 8 (BridgeNews) - Business-to-business software provider Ariba Inc. is expecting continued market share gains in its core procurement business from its current share of approximately 32%, Chief Financial Officer Robert Calderoni said at the Merrill Lynch Internet Conference here on Thursday. "We will continue to increase our market share globally over the coming years," he said, citing recent growth estimates for the procurement market that put its total value at $10 billion by 2005. In addition, the supply chain management sector represents another opportunity, given its own size and rapid growth, according to Calderoni. Ariba recently moved into this market, most notable with its planned $2.55 billion acquisition of Agile Software Corp. Calderoni on Thursday predicted that this planned transaction will close in late April or early May. Previously, the company had spoken of finishing the Agile acquisition by June 30. Shares of Ariba were lower on Thursday along with many other Nasdaq stocks. The shares were most recently at 14 9/16, down 13/16 or 5.69%.

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