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: $Mogul who wrote (1857)	4/3/2001 3:10:33 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 2110

>>B2b was a hoax..where is VERT and ARBA..freaking gutter is where... Ariba had $90 million in sales for the 1st qtr of 2001, a quarter in which: quote "At least 20 companies warned on Monday that their first quarter results would fall short of expectations, making the day one of the worst news days following one of the worst business periods in recent memory. In fact, as a growing list of companies lower their first quarter sales and earnings numbers, the data on these so-called earnings warnings is proving to be yet another measure of how swiftly and severely the economy is softening. Some numbers to consider: A total of 694 companies had issued first quarter warnings as of last Friday. Since many companies are not able to assess the quarter until the books are closed, more warnings are expected this week. By all accounts, the final number of first quarter earnings warnings will easily beat the old record, of 794, set in the fourth quarter of 2000. And that total was significantly greater than the prior record, of some 554 warnings, set in the fourth quarter of 1998." unquote biz.yahoo.com Now as for the press release, here are the important things to note: >>``I think what's important to take away from this is that every single software company out there is having trouble,'' said Thil<< [Brent Thill, an analyst with Credit Suisse First Boston.] and... >>"Krach said Ariba continued to see a strong pipeline but that companies were postponing their information technology buying decisions until the economy starts to pick again.<< Well, no kidding. Whenever a company sees sales dropping, the first thing they do is put a hold on capital expense items. It's called survival first. >>``What we saw was CEOs and CFOs putting off decisions in the areas of e-commerce and procurement,'' Krach told Reuters in an interview. ``What they're telling us is it's too early in the year for them to commit to spending money until they see their own businesses stabilize.''<< Exactly what Oracle said. At that time, nobody said that made Oracle's product a hoax. I still don't hear them saying that. >>Of the $90 million predicted in total revenues for the quarter, Ariba's Chief Financial Officer Bob Calderoni said ''nearly zero'' came from sales of its online exchange software.<< Online exchanges weren't Ariba's focus anyway. That is a CMRC schtick. >>``The exchange business has seen a dramatic fall and we don't believe there'll be a recovery in revenues,'' he said, adding Ariba was still seeing growth in private marketplace deals set up by companies just for their own suppliers and partners.<< That is the Ariba schtick. Like the recently announced deal with international drug giant Bristol Myers-Squibb (BMY). >>``It's not down to zero, but it's near zero,'' he said.<< Does he sound frightened? No, and why should he be? That little tidbit only verifies the correctness of Ariba's strategic direction. Nonetheless, I fully expect Ariba to be all but forgotten until near the end of the year, around the same time the general market may begin to see signs of life again.