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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: luther yow who wrote (89915)	6/13/2000 8:24:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 90042

RE: Ariba Ariba Inc. (ARBA) helps manufacturers like DuPont and distributors like FedEx streamline purchasing with procurement software, but corporate insiders have been doing far more selling than buying of their company's stock. A rash of insiders have filed Form 144 in recent days, weeks and months, notably co-founder and Chief Financial Officer Edward Kinsey. On June 6, he filed to sell 90,000 shares valued at $5.0 million, or $55 a share, through Morgan Stanley Dean Witter, lead underwriter of Ariba's IPO one year ago. May 30 he filed to sell 100,000 shares for $7 million, and May 18 the Kinsey Family Foundation filed to sell 14,000 shares for $1.1 million. Marketing vice president David Rome filed to sell 150,000 shares for $10.5 million on May 30. Robert D. Lent, vice president for corporate development, filed May 24 to sell 200,000 shares for $14.3 million. The sales come long after Ariba's price peaked at $183.34 in early March, before the Nasdaq Stock Market plunged amid the fallout over rising interest rates and concern about soaring valuations. Back then insiders, who began to sell immediately after the six-month lock-up on their shares expired, were reaping far more from their sales: Rome, for example, indicated in a February 1 filing he would sell 200,000 shares for $35 million. Business-to-business is regarded as the hottest of the Internet's hot spots, and Ariba as a leader in its niche. The insider sales are tiny in comparison with the company's 235.8 million outstanding shares, but they make a dent in the float -- more than two-thirds of Ariba's stock is owned by insiders and institutions. Recent Ariba filings: Prakoon & Emily I. Chen Form 144 edgar-online.com Craig Federighi Form 144 edgar-online.com Stuart R. Gold Form 144 edgar-online.com Alan Hibdon Form 144 edgar-online.com Velvet Higley Form 144 edgar-online.com Joshy Joseph Form 144 edgar-online.com Edward Kinsey Forms 144 edgar-online.com edgar-online.com edgar-online.com Robert D. Lent Form 144 edgar-online.com Ramae Ogilvie Form 144 edgar-online.com Chester B. Petrow Form 144 edgar-online.com David Rome Form 144 edgar-online.com edgar-online.com Form 8-K/A, March 8, 2000 edgar-online.com Form 10-Q, May 15, 2000 edgar-online.com NOTE: SEC regulations require corporate insiders -- defined as officers, directors and persons or entities that own 10% or more of any class of a company's shares -- to disclose sales on Form 144.