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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (7946)7/19/2001 10:29:21 AM
From: Bill Harmond  Read Replies (2) of 57684
 
From Briefing: Ariba (ARBA) 4.81: Business-to-business (B2B) eCommerce solutions provider reports Q3 loss of $0.10 a share, $0.02 better than the First Call consensus of ($0.12); revenues rose 5.8% to $85.33 mln from a year-ago of $80.67 mln; "While our pipeline has increased, market conditions remain difficult. Therefore, we will continue to reduce costs throughout the organization, positioning the company to benefit when IT spending opens up," said CFO; separately, Ariba announces departure of Larry Mueller, president and CEO; Keith Krach, chairman of the board, will act as interim CEO; see press release.
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