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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (492)	11/10/1999 8:15:00 PM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 2110

GM...somebody help me out with this... Press Release from Ariba website: General Motors Drives Reductions in Corporate Spending with Ariba Operating Resource Management System World's Largest Auto Maker Signs Client Agreement with Ariba SUNNYVALE, CA - March 15, 1999 - Ariba, Inc., the leader in network commerce solutions for Operating Resource Management (ORM), today announced that General Motors Corporation (NYSE: GM) will implement the Ariba Operating Resource Management SystemTM (Ariba ORMSTM ) to reduce corporate spending and improve delivery times on IT goods and services. GM, the world's largest auto maker, will deploy the intranet-based Ariba system first in North America and eventually globally. Ariba ORMS is an integrated suite of applications that connects buyers to suppliers and provides a solution for the acquisition and management of non-production goods and services, collectively termed "operating resources." These include capital equipment, services, maintenance, repair, and operating (MRO) supplies, and travel and entertainment expenses, essentially the products and services that companies acquire to run their day-to-day business operations. GM will use Ariba ORMS to facilitate the procurement of standard IT commodities, to track the metrics of turn-around times, and to gain a comprehensive view of all related spending. Ariba ORMS is a sound foundation for other eProcurement applications, as GM continues to implement eCommerce solutions. "Through its sophisticated e-commerce capabilities and decision support tools, Ariba ORMS will allow us to identify significant opportunities for cost reduction," said Bob Chaffin, corporate director of finance and contracts at GM. "By replacing our manual, paper-based system we can optimize our procurement processes and more closely control our spending while leveraging company-wide economies of scale." "By adopting Ariba ORMS, General Motors and our other Global 2000 clients indicate that eCommerce applications are no longer only the purview of early adopters," said Keith Krach, president and CEO at Ariba. "Because Ariba's enterprise-class eCommerce solutions have continually proven themselves by delivering significant benefits to all our clients, the system is now being implemented at numerous mainstream companies like GM." I know it is dated but do we still get business from GM or are they an exclusive Commerce One client? --Bill