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To: gladman who wrote (92327)	1/27/2000 11:50:00 AM
From: H James Morris	Respond to of 164684

Dave, the Feds got my car last night too. Can you tell I'm trying to hype extn? > Emeryville, California, Jan. 27 (Bloomberg) -- Extensity Inc., a maker of Internet-based software for expense reporting and office functions, raised $80 million in an initial stock sale and is expected to begin trading this morning. The Emeryville, California-based company sold 4 million shares at $20 each. That gave the company a market value of $456 million. The shares were sold for $2 above the top of the $16 to $18 range set by Deutsche Banc Alex. Brown, which handled the sale. Deutsche Banc raised the range from $14-to-$16 last week. Extensity's computer software allows companies better to manage expenses, travel reporting, procurement and billable time, it said. Users can access the software through personal computers and handheld computing devices such as the PalmPilot and Visor. Customers include AT Kearney, Cisco Systems Inc., and Sara Lee Corp. Extensity lost $23.4 million on sales of $6.8 million in 1999, compared with a loss of $11 million on sales of $1.1 million in 1998. The company, which was incorporated in 1995, began selling its software in March, 1998. One Extensity competitor is Ariba Inc., a Mountain View, California-based maker of computer software for processing orders on the Web. Ariba has risen more than sevenfold since its June initial stock sale. Another competitor is Concur Technologies Inc., based in Redmond, Washington. Conur makes software to manage corporate travel and entertainment expenses. Concur is trading at almost twice its December, 1998 initial sale price. Extensity will trade under the symbol ``EXTN' on the Nasdaq Stock Market. Jan/27/2000 10:08

To: gladman who wrote (92327)	1/27/2000 12:07:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Like taking candy from a baby. Back in at 68. >EXTENSITY INC COM(EXTN) Bid: 70 1/2 BidSize: 1 Open: 71 Ask: 70 AskSize: 2 Close: 20 Last: 71 High: 77 Div.: 0.00 Change: +51 Low: 66 Yield: 0.00 A.High: 0 P/E: 0.00 Volume: 130800 A.Low: 0 EPS: 0.00 Market :NASDAQ NM Tick: Down