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To: craig crawford who wrote (7474)	6/6/2001 10:12:12 PM
From: Mark Fowler	Respond to of 57684

biz.yahoo.com FreeMarkets scraps Adexa deal, reiterates Q2 earnings "erquist said the main reason for the break up was because FreeMarkets was essentially a services company, like the online auction service eBay. Adexa, on the other hand, sells software that deals with complex supply chain processes, Berquist said. ``People were struggling a bit more with the synergies of these two companies,'' Berquist said. Credit Suisse First Boston analyst Ian Toll agreed. ``The absence of Adexa removes question marks around integration risk and the nature of a combined strategy,'' Toll said. WHAT NEXT FOR ADEXA? As the deal closed, analysts questioned what Los Angeles based Adexa would do next. ``For Adexa, the news isn't so good,'' industry research firm AMR Research said in a note to clients. Adexa withdrew its plans for an initial public stock offering in early April because of its pending purchase by FreeMarkets. ``Adexa needed the boost for its product,'' AMR said. Hadavi admitted the deal would have helped ``create a bigger mass'' for Adexa's software, but he added that the company and its employees still felt ``energized'' nonetheless. ``Our goal is to become profitable by the fourth quarter this year,'' he said, adding that Adexa would consider another IPO when the economic climate becomes more favorable. ``As the market changes, we will definitely look into that,'' Hadavi said.

To: craig crawford who wrote (7474)	6/6/2001 10:14:46 PM
From: Bill Harmond	Respond to of 57684

The component guys are at the end of the food chain. Though I have some Broadcom and plan to hold on to it because they have outstanding technology, I think the first good performers will be the systems vendors, some of whom ( like Avici, ONI Systems, Ciena) continue to grow robustly.