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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)

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To: Davy Crockett who wrote (1969)	11/6/2001 12:22:14 PM
From: Luce Wildebeest	Read Replies (2) of 2110

MORGAN STANLEY NARROWS ARIBA <ARBA.O> FY 02 LOSS VIEW TO $0.10 FROM $0.37 CHICAGO, Nov 6 (Reuters) - Morgan Stanley on Tuesday said it narrowed its forecast for a fiscal 2002 loss for U.S. software maker Ariba Inc. <ARBA.O> after the company's results beat Wall Street consensus estimates. Morgan Stanley analyst Charles Phillips in a research report cut the fiscal 2002 loss he expects to 10 cents from his previous estimate of a 37-cent loss. Ariba's fourth-quarter operating loss of $27.7 million, or a loss of 11 cents a share, beat the consensus by two cents, he said. Sales of $62.6 million in the quarter also topped Wall Street expectations for $59 million. Phillips also said Ariba cut operating expenses by 19 percent quarter-over-quarter and finished the quarter with $293.5 million in cash on hand. Ariba closed Monday at $3.30 a share.

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