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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)
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To: James Calladine who wrote (1945)8/26/2001 11:18:41 AM
From: H James Morris   of 2110
 
In THAT article I saw some positive spin.
>Brent Thill, an analyst at Credit Suisse First Boston, said he believes Ariba can make a comeback. One of the key challenges, he said, will be Ariba's ability to expand its software to better reflect the complex ways that companies purchase goods and services -- areas where other software companies are early leaders.

Ariba said it is addressing this problem by updating some procurement software, scheduled for a September release, that will let customers buy goods from each other directly, rather than through electronic catalogs. In addition, the company plans an improved version of its catalog-based procurement product.

The company has also slashed expenses by 20 percent, including major layoffs in sales and marketing. And executives promise to keep cutting if necessary.
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