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Technology Stocks : JDA Software -- Ignore unavailable to you. Want to Upgrade?

To: Philip W. Dunton, Jr who wrote (284)	1/13/1999 7:27:00 PM
From: bob zagorin	Respond to of 371

JDA Software Urges Stockholders to Reject Unsolicited Offer By IG Holdings PHOENIX--(BUSINESS WIRE)--Jan. 13, 1999--JDA(R) Software Group Inc. (NASDAQ:JDAS), an international provider of enterprise retail solutions, Wednesday announced that on Jan. 11, 1999, management became aware of an unsolicited offer by IG Holdings to purchase at a price of $7 per share up to two percent (2%) of the outstanding shares of Common Stock of JDA. JDA strongly recommends that its stockholders reject the tender offer due to the inadequate offer price, which represents a significant discount to the closing price of its shares on Jan. 12, 1999 of $8.63. At current market prices, stockholders who want to sell their shares can therefore obtain better prices on the Nasdaq National Market System than through the tender offer. IG Holdings is not affiliated with JDA or any of its officers and/or directors, and did not contact JDA prior to the commencement of the offer. JDA does not have any additional information regarding the identity of IG Holdings or the specifics of the offer. About JDA Software Group Inc. JDA Software Group Inc. is a global provider of integrated retail software products and professional services for more than 600 clients worldwide. Designed to Optimize the Retail Enterprise, JDA's solution addresses the requirements for the entire retail supply chain: from corporate with merchandising, planning, allocation, decision support and financial systems; to the distribution center with warehouse management and logistics systems; at the store with point-of-sale and back-office applications; and on the Internet with Web-based solutions. Founded in 1985, JDA employs more than 1,000 associates operating from 22 offices. With headquarters in Phoenix, the company has offices in major cities throughout the United States as well as internationally in Canada, the United Kingdom, France, Germany, Mexico, Brazil, Chile, South Africa, Singapore, and Australia. For more information, refer to JDA's Web site at jda.com. Note to Editors: The above discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Such statements are based on current expectations and are subject to certain risks, uncertainties and assumptions including, without limitation, the current market price and the accuracy of available factual information regarding the tender offer. Should one or more of these risks or uncertainties materialize or the underlying assumptions prove incorrect, JDA's actual performance may differ materially from that indicated or suggested by any forward-looking statements contained herein. CONTACT: JDA Software Group Inc., Phoenix Kristen L. Magnuson, 602/404-5500 (Investor Relations) Email: kris.magnuson@jda.com