Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : i2 Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (1755)	9/22/2000 12:03:50 PM
From: Bruce Brown	Read Replies (1) \| Respond to of 2339

Amen to that, Greg. What's your TA prognosis on i2 and Ariba at the moment. I noticed spytrader hasn't hung his hat on the Ariba board for a few days. BB

To: Boplicity who wrote (1755)	10/17/2000 3:08:48 PM
From: elmatador	Read Replies (1) \| Respond to of 2339

Siemens said it had agreed a cooperation agreement with i2 Technologies Inc to use the U.S. software company's e-business solutions as its technical platform Siemens to spend 1 billion Euros on Internet By Reuters staff 10 October 2000 German electronics giant Siemens AG said on Tuesday it would spend one billion euros ($869.6 million) over 18 months to put its global operations on a single electronic network which would cut costs and lift efficiency. "All processes will run electronically - from procurement to marketing, from development to controlling," Chief Executive Heinrich von Pierer said, promising Intranet access to all 440,000 employees as part of a rapid corporate revolution. Pierer said the "fast and furious" change would yield cost savings of at least one billion euros in the initial investment phase. The savings could rise to between three and five percent of turnover - seen by analysts at 75 billion euros in the year to September 30, 2000 - in the medium term. "As an Internet company, Siemens will be faster, closer to its customers and more efficient," said Pierer. Siemens' chief said the transformation of the group into an e-business company would lead to a considerable improvement in productivity and higher growth and should be reflected in the group's market value, which has suffered from recent weakness in the technology sector. "Shareholders will see that e-commerce is a unique opportunity for Siemens," he said. The announcement met with a positive reaction from investors. Siemens was the second biggest gainer on Frankfurt's blue-chip DAX30 index, gaining 2.20 percent to 144.60 euros. "It's basically a good thing. I don't think it's a great, huge piece of news, but it's certainly positive from the overall trend point of view," Theo Kitz, technology analyst at Munich private bank Merck Finck said. As part of the planned investment programme, Siemens said it had agreed a cooperation agreement with i2 Technologies Inc to use the U.S. software company's e-business solutions as its technical platform. IBM would also be part of the project to integrate the 70 percent of Siemens' activities which are already networked. Siemens said its main priority was to expand e-procurement to account for over 50 percent of its 35 billion euros procurement volume in the next two to three years from 10 percent at present.