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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (3026)	11/19/1999 6:47:00 AM
From: bob zagorin	Read Replies (1) \| Respond to of 3033

Vantive Announces Special Meeting of Stockolders and Termination of Stock Repurchase Program SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 19, 1999--The Vantive Corporation (Nasdaq:VNTV) today announced that its board of directors has declared Wednesday, December 29, 1999 as the date of a special meeting of Vantive's stockholders to consider and vote upon a proposal to approve the Agreement and Plan of Merger, dated October 11, 1999 by and among Vantive, PeopleSoft, Inc. (Nasdaq:PSFT), and a wholly-owned subsidiary of PeopleSoft. The special meeting will be held at The Santa Clara TechMart at 5201 Great America Parkway, Santa Clara, Calif. at 9:00 a.m., local time. Vantive also announced today that its board of directors has declared the close of business on Wednesday, November 17, 1999 as the record date for the special meeting. Only those stockholders of record of Vantive on the record date shall be entitled to vote at the Special Meeting and any adjournments and postponements. Additionally, the company announced today that it had terminated its stock repurchase program as a result of its with PeopleSoft. In July 1999, Vantive's board of directors authorized a program to repurchase up to $10 million of common stock on the open market at prevailing market prices. To date, the company has not repurchased any shares of common stock under the program. About Vantive Vantive (Nasdaq:VNTV) is a worldwide leader in customer relationship management solutions with more than 850 customers and $163 million in revenue in 1998. Vantive empowers companies to sell, support and service customers through any channel of interaction -- the Web, call center, e-mail, or direct through sales and service representatives. The Vantive Enterprise is an integrated software suite that leverages the Internet to increase sales, marketing, call center, field service, help desk and web service effectiveness. The Vantive Enterprise is differentiated by its high-performance, extremely scalable architecture; web-based solutions; and time- and cost-effective implementations. Vantive is supported by extensive software, consulting, and service partner programs that provide further technology and vertical expertise as well as integration support. Founded in 1990, Vantive is headquartered in Santa Clara, and distributes its products in more than two dozen countries. Contact The Vantive Corporation at 800-VANTIVE or www.vantive.com. Note to Editors: Vantive is a registered trademark and The Vantive Enterprise is a trademark of The Vantive Corporation, Santa Clara, California. All other product or company names are used for information or identification purposes only and may be trademarks of their respective owners. --30--jb/sf* sdf/sf CONTACT: Vantive Corporation Len LeBlanc, 408/982-5700 len-leblanc@vantive.com or Morgen Walke Associates Kevin Nyland, 415/296-7383 knyland@mwa-sf.com