Gst, probably the 2 most admired companies for their success in supply chain management is Procter & Gamble and Wal-Mart.
Check out J.D Edwards (JDAS) their strategic network optimization product is terrific.
>>SCOTTSDALE, Ariz., Apr 26, 2002 (BUSINESS WIRE) -- JDA(R) Software Group Inc. (Nasdaq: JDAS chart, msgs) Friday announced that it will not proceed with a $250 million shelf registration statement that the company had planned to file with the Securities and Exchange Commission (SEC) on Form S-3.
On April 22, 2002, JDA announced its intention to offer and sell its common stock, in multiple offerings at its discretion, up to a total value of $250 million, to acquire businesses, products and technologies that complement or expand its business.
"We maintain that the market is ripe for the acquisition of value-add point solutions, product lines and other technologies that will complement our JDA Portfolio(R) suite and help us reach our $500 million revenue target," said Jim Armstrong, JDA's chief executive officer.
"We will continue to scrutinize any potential acquisition to ensure that we can leverage our existing infrastructure to quickly and profitably assimilate it into our global operations. We will determine the optimal acquisition-financing methods on a case-by-case basis and utilize the capital markets when appropriate.
"With positive cash flow, no debt and $76.4 million in cash at March 31, 2002, we have no need to raise cash to finance our current operations."
"The market made clear its concern about the potential dilutive effects of our proposed shelf registration. Although JDA has a strong track record of making successful, accretive acquisitions, we have not identified potential near-term targets.
"We believe the interval between our planned shelf registration and any potential acquisition activity, as well as the size of the potential offering itself, created understandable insecurity in the investment community," added Armstrong.
JDA management plans to further elaborate on its acquisition strategy going forward at the second annual JDA Analyst Day on Monday, April 29 at its FOCUS Conference in Las Vegas. Over 45 buy- and sell-side analysts are currently registered to attend. For more information and to register for JDA Analyst Day, contact Midge Ellis, JDA Investor Relations Manager, at 480/308-3048 or m.ellis@jda.com.
About JDA Software
With more than 4,600 retail, manufacturing and wholesale clients in 60 countries, JDA Software Group Inc. is the global leader in delivering integrated software and professional services for the retail demand chain.
By capitalizing on its market position and financial strength, JDA commits significant resources to advancing JDA Portfolio, its suite of merchandising, POS, analytic and collaborative solutions that improve revenues, efficiency and customer focus.
Founded in 1985, JDA is headquartered in Scottsdale and employs more than 1,400 associates operating from 36 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more details, visit www.jda.com, call 800/479-RETAIL (7382) or e-mail info@jda.com. |
