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

To: Patsy Collins who wrote (628)	12/17/1999 10:47:00 AM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 2110

WSJ...EDS to invest $10,000,000 in Ariba/Tradex... December 17, 1999 Ariba Agrees to Acquire Tradex For About $1.86 Billion in Stock By a WALL STREET JOURNAL Staff Reporter MOUNTAIN VIEW, Calif. -- Ariba Inc. agreed to buy Tradex Technologies Inc. for nearly $2 billion, and it expects to announce strategic investments by some corporate customers of the electronic-commerce companies. Ariba coordinates companies' Internet purchases of services, office supplies and other products, and closely held Tradex of Atlanta operates "net markets," which bring industrial buyers and sellers together on the Web. Ariba said it will issue 8.3 million shares for Tradex; it expects the acquisition to be completed in the second quarter. At 4 p.m. Thursday in Nasdaq Stock Market trading, Ariba was up $13.50, or 6%, to $237.50. Negotiations between the companies were reported earlier in the week. Ariba Chief Executive Keith Krach declined to identify the investors or say how much cash they will provide. But Electronic Data Systems Corp., Plano, Texas, said it will put up $10 million. The computer-services company is a Tradex client and had considered a 1% stake in Tradex before the Ariba deal took shape. Mr. Krach said acquisition talks began last month, when top executives of Ariba and Tradex delivered speeches at a Berkeley, Calif., industry conference. John Baumstark, Tradex's chief operating officer, will head the combined company's net-markets unit. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Splits today <vbg> --Bill