By Sonya Rabbitte, 3 April 2001 10:48
NEWS Ariba has also announced it is to pull out of a $2.55bn merger with Agile software, a deal which resulted in the winding down of Ariba's alliance with i2. Ariba is expected to report a loss of 20 cents a share, compared with analysts' estimates of five cents profit a share. Expected revenue of $90m is half what analysts had predicted. One third of the workforce, 700 people, face the axe. Competitor i2 is to let 10 per cent of its staff, or 610 people, go, as it reports a reduced forecast of two cents per share compared with previous expectations of five cents a share. Revenue is expected to increase 90 per cent to $355m on the year ago period. Inktomi expects to report a loss of 23 to25 cents a share for its fiscal quarter. Analyst estimates were for a four cents per share loss. Inktomi will reduce its staff by 25 per cent or 250 people.
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