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 : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: chojiro who wrote (1461)	11/27/2000 5:54:50 PM
From: John Carragher	Respond to of 2110

The Wall Street Journal Interactive Edition -- November 28, 2000 Tech Center Ariba's Japan Unit Snags Funding From Leading Computer Makers By ROBERT A. GUTH Staff Reporter of THE WALL STREET JOURNAL TOKYO -- U.S. software company Ariba Inc. and Japanese Internet investor Softbank Corp. are expected to announce Tuesday that 20 companies, including Japan's leading computer vendors, will each take small equity stakes in Ariba's recently established Japan unit, according to people familiar with the companies. The investments, although small, could give a quick boost to Nihon Ariba KK, which sells software that enables companies to buy and sell over the Internet. The unit was set up last month as a joint venture between Softbank and majority owner Ariba, of Mountain View, Calif. Each of the new investors is expected to resell Ariba software or use the software to build online business exchanges, the people said. The investors, most of them Japanese companies, include computer vendors NEC Corp., Fujitsu Ltd., Toshiba Corp., Hitachi Ltd., IBM Japan Ltd. and Mitsubishi Electric Corp. Other investors include trading companies Itochu Corp. and Sumitomo Corp. and computer-services providers NTT Data Corp., CSK Corp. and Itochu Techno-Science Corp. The new investors will hold a combined stake of about 5% in Nihon Ariba, which is capitalized at $200 million. The value of the deal was unclear. Ariba has risen fast over the past year, rapidly increasing its revenue by signing up a host of big-name customers in the U.S., including Cisco Systems Inc. and Dell Computer Corp. For the year ended Sept. 30, Ariba reported revenue of $279 million, up from $45.4 million the previous year. But the three-year-old company has yet to make a profit.