Siebel may face challenge as SAP expands scope

Article Abstract:

Siebel Systems, a Silicon Valley company, may face challenge from SAP, a Germany-based software maker which plans to develop products that help sales activities. SAP is currently focused on automating "back office" functions including manufacturing logistics, inventory management and finance. Siebel is the dominant player in the emerging sales-force-automation sector. The challenge posed by SAP comes at a time when Siebel is downplaying concerns by investors regarding the 35% increase in the average customer-payment period from 82 days to 111 days. Siebel's accounts receivables rose to $110.7 million as of Jun. 30, 1998, a 75 jump from $63.1 million as of Dec. 31, 1997.

Comment:

Plans to develop products that help sales activities

Germany, SAP AG, Siebel Systems Inc.

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Undrwriters and nice timing aid iXOS

Article Abstract:

iXOS Software AG's shares in the US stock market posted a 17% increase in the first week of November 1998 following a positive review from its underwriters. The Munich, Germany-based business-document software-maker entered the US stock market on Oct. 7, 1998, one of the toughest times for technology firms to begin trading. iXOS' positive performance in the stock market follows the release of the initial reports of its underwriters, Hambrecht & Quist and Goldman, Sachs & Co., after the prescribed 25-day "quiet period."

Comment:

Its shares in the US stock market posted a 17% rise in the 1st week of 11/98 following a positive review from its underwriters

Financial analysis, IXOS Software AG

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AutoNation spinoff of rental unit set

Article Abstract:

AutoNation Inc. announced that it is spinning off its car rental operations to stockholders. AutoNation will spin off its rental brands by way of a tax-free stock dividend. National Car Rental, Alamo Rent-A-Car, and CarTemps are come under AutoNation's umbrella. The car rental businesses posted a collective $3.5 billion (3.29 billion euros) in sales for the 1998 year. They accounted for almost 22% of AutoNation's revenues for the 1998 year.

Motor Vehicle Rent & Lease, Automotive Equipment Rental and Leasing, Planning, Lease and rental services industry, Lease and rental services, AutoNation Inc.

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