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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (662)	3/24/2000 2:53:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 2850

I agree that the concern of the Cash Burn rate is still weighing on these stocks. the below article is where I got the idea that the split on ARBA would be on 3-20-00. That was the date of record.... I'm not sure when it will take effect. biz.yahoo.com Friday March 3, 4:55 pm Eastern Time Ariba jumps on stock split, new deals SAN FRANCISCO, March 3 (Reuters) - Ariba Inc. (NasdaqNM:ARBA - news)shares surged Friday after it announced an electronic commerce deal with consumer products group Unilever NV/Plc and said it would split its stock. Ariba jumped 30-19/64 to close at 329-63/64 Friday, trading at its highest level since going public a year ago. Its market capitalization has risen to nearly $32 billion, as the stock gained more than 10 times in value over the past year. The Unilever deal adds to a series of recent wins in setting up corporate purchasing systems at major companies. Philip Morris Co.'s (NYSE:MO - news) Kraft foods division and the online airline reservation consortium Sabre Holdings Corp. (NYSE:TSG - news) are among the recent list of major wins. In a report released Friday, Banc of America Securities analyst Bob Austrian raised the price target for Ariba to $360 from $250. He said the company's growth is being driven by the fact that, ``every company in every industry will participate in or spawn an e-marketplace within one year.' That activity, already strong, ``will pick up speed throughout the year.' Commerce One Inc. (NasdaqNM:CMRC - news), mentioned in the same report, was also seen gaining momentum and Banc of America boosted its price target to $300 from $275. Both companies were rated by the broker as strong buys. Under the new Ariba pact with Unilever, Ariba will set up a purchasing system, mostly in non-inventory and other expense areas. Unilever said it expects ``the system to result in savings from common purchasing for the whole company' and it also sees ``efficiency improvement' from operating in the e-commerce environment. Mountain View, Calif.-based Ariba will split its stock two-for-one for shareholders of record as of March 20.