I misread ARBA's 200 dma it's @ 65 and change so we
finally hit it today, all the other B2B are below the 200 dma.
Even Cramer was in buying ARBA today and that was his example of what to buy in the beaten up stocks.
You Know Dell and IBM both own a piece of ARBA, and they
have deals all over the board, they are a tremendous company.
I am working up my low ball buy list. I'll have an order for ARBA down @ 41 and one higher, not sure where yet.
I am putting my list together tonight. even if we go to a
NASD Number that is so low you don't want me to mention it,
we get a real big trading rally out of a big capitulation low that would take ARBA to 40 BRCM to 90, CSCO to 47,
PMCS to 77 etc.
I'd love to get some RNWK at 21. CTXS @ 33. NOK @ 27.
not saying we'll see those, but it can not hurt to have a
few orders in. Look at an XOM chart, it has no clue what
happening, sitting like a rock.
IBM , Dell EDS, etc. and all these other companies are doing
global exchanges, it's not just the US.
-------------------
Wednesday April 12, 4:01 pm Eastern Time
Company Press Release
SOURCE: Ariba, Inc.
Ariba Announces Record Second Quarter Revenues of $40 Million, Up 322%
Net Loss Per Share $0.06, Beats First Call Estimates
MOUNTAIN VIEW, Calif., April 12 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA - news), the leading business-to-business (B2B) eCommerce platform provider, today announced record results for the second quarter ended March 31, 2000.
Revenues for the second quarter of fiscal 2000 marked the largest quarter in Ariba's history at $40.0 million, up 322 percent from the same period last year. Net loss for the quarter excluding non-operating charges was $11.5 million or a loss of $0.06 per share, beating the First Call consensus estimate of a loss of $0.08 per share. During the corresponding quarter in fiscal 1999, the net loss was $2.8 million or a loss of $0.07 per share, excluding non-operating charges. Including all charges, net loss for the second quarter of fiscal 2000 was $125.9 million or a loss of $0.70 per share, reflecting costs associated primarily for acquisitions. All results are adjusted for a 2-for-1 stock split effective March 31, 2000.
During the quarter, Ariba signed significant deals across a broad range of industries, demonstrating the increasing demand for the Ariba B2B Commerce Platform and B2B Commerce Services. Ariba's customers include industry leaders in financial services, healthcare, consumer packaged goods, automotive, oil and gas, computer hardware, computer software and many more. Specifically Ariba announced customers including, BMW, Bank of America, Arthur Andersen, Cargill, Dell, American Express Company, EDS, IBM, E*TRADE, Unilever, Sabre, Kraft, Lexmark, DuPont, Dana Corporation and Diageo (parent company of Pillsbury, Haagen Dazs, Burger King, and Johnnie Walker brands) among many more.
``The second quarter was a watershed period for Ariba. We increased our customer base by over 100 percent and grew our revenues by 322 percent,' said Keith Krach, chairman and chief executive officer of Ariba. ``At the same time, we beat analyst EPS expectations and showed another consecutive quarter of cash flow positive from operations, demonstrating the Company's ability to grow rapidly while continuing to show high quality financial performance.'
``This quarter, we also positioned the company for future growth by broadening our B2B eCommerce platform, adding critical value-added services, completing two strategic acquisitions and forging partnerships with significant industry leading players,' Krach said. ``Going forward, Ariba will continue to leverage its leading position in B2B eCommerce to enable more marketplaces than any other player with best of breed technology, commerce services and the fastest time to market.'
The following highlights were announced during Ariba's second fiscal quarter:
IBM, i2 Technologies, Inc. and Ariba announced a global, strategic alliance to develop, market and sell the industry's first end-to-end solution for business-to-business (B2B) e-commerce and collaboration.
Dell announced it will create a Dell B2B marketplace, powered by the Ariba B2B Commerce Platform, to provide Dell's small- and medium-business customers with increased economies of scale and streamlined purchasing processes. Dell also will use the Ariba B2B procurement solution throughout its worldwide operations and with its global supplier base.
American Express Company, the world's largest corporate card provider, and Ariba announced a strategic agreement to accelerate and streamline B2B eCommerce through the joint development of new B2B advanced electronic payment services. The partnership will leverage the global reach of Ariba B2B network commerce services and American Express' global payment network.
EDS and Ariba announced an alliance to create one of the largest groups of B2B marketplaces based on strategically managed consortia-based purchasing. EDS CoNext, a subsidiary of EDS, plans to target billions in managed spending under contract annually, spread across 12 marketplaces.
Sabre Holdings Corporation (NYSE: TSG - news) and Ariba announced a definitive agreement to create Sabre e-Marketplace, the first Internet-enabled B2B marketplace designed for the travel and transportation industry. Powered by the global Ariba B2B Commerce Platform, Sabre e-Marketplace will maximize the purchasing power of companies with similar procurement needs, such as airlines, airports, more than 45,000 Sabre connected travel agencies, railroads, 10 cruise lines, 50 car rental companies and 45,000 hotel properties.
Cargill and Ariba announced the formation of Novopoint.com(TM), an open, Internet business-to-business (B2B) exchange, powered by the Ariba B2B Commerce Platform, for food and beverage manufacturers and their suppliers.
Ariba successfully completed the acquisitions of TRADEX Technologies, Inc. and TradingDynamics, Inc. These acquisitions significantly expanded Ariba's addressable market and enhanced the Ariba B2B Commerce Platform adding strategic eCommerce products and solutions that enable marketplaces. The Ariba B2B Commerce Platform now includes expanded marketplace functionality, including dynamic trade capabilities such as auctions, reverse auctions, and negotiated prices.
Ariba announced the company's board of directors authorized a two-for-one stock split, which was effected in the form of a stock dividend. The stock split was effected by distribution to each stockholder of record as of March 20, 2000, one share of Ariba's common stock for each share of common stock held. Total outstanding shares of common stock was approximately 234 million as of March 31, 2000.
About Ariba
Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform provider. Through the Ariba B2B Commerce platform -- an open, end-to-end infrastructure of interoperable software solutions and hosted Web-based commerce services -- the company enables efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers. The global reach and best-of-breed functionality of the Ariba B2B Commerce platform creates Internet-driven economies of scale and process efficiencies for leading companies around the world. Ariba can be contacted in the U.S. at 650-930-6200 or at www.ariba.com. |
