Ariba sets stock-purchase deal for Agile

Article Abstract:

Ariba Inc. will buy Agile Software of San Jose, California, for $2.4 billion in stock. Agile makes 'collaborative manufacturing' software, a new trend in the business-to-business marketplace. Its customers pay several million dollars annually for use of the software.

Prepackaged software, Computer Software, Software Publishers, Computer software industry, Software industry, Software, Mergers, acquisitions and divestments, Agile Software Corp.

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Vaunted business-to-business sector is blindsided; yesterday, shares of sector leader Ariba were down 97% from their 52-week high of $173.50

Article Abstract:

Business-to-business Internet companies are the latest victims of the economic slowdown and corporate belt-tightening. Many are planning huge layoffs and projecting sales for the year that are way below expectations. Some will probably close down altogether. One of the sector's leaders, Mountain View, CA-based Ariba Inc. saw its stock trading 97% down from its 12-month high of $173.50.

Market information - general, Economic aspects, Forecasts and trends, Industry trend, Securities, Business-to-business market, Business to business market

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Hewlett-Packard's Watts steps down and plans to join start-up ConvergeNet

Article Abstract:

Hewlett-Packard Co.'s (HP) vice-president of corporate sales, Dick Watts, has announced his resignation. Mr. Watts is resigning to join a young firm in Silicon Valley. Mr. Watts is one of the best-known executives at HP. He is expected to join ConvergeNet, which is a start-up that manufactures high-end computer-storage products. Mr. Watts did not comment publicly on his resignation from HP.

Comment:

HP's vice-president of corporate sales, Dick Watts, announces his resignation; Mr. Watts to join ConvergeNet

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Executive changes & profiles, Company Personnel, Hewlett-Packard Co., Article, ConvergeNet

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