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Author: Smire Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3069  
Subject: another quarter of "consolidation" Date: 10/24/2002 4:25 AM
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Short Summary of ARBAs Q4/2002
http://www.ariba.com/company/news.cfm?pressid=628

------------------------------------------------------------------------
# revenue 58.2m$ (-7.5% yoy)
# license-revenue 23m$ (-42% yoy)
# net loss 142.5m$ after a net loss of 224.3m$ a year earlier
# charge of 144.8m$ for goodwill and other intangible assets
# Goodwill reduced to 297.7m$ (from 877.8 a year earlier)
# forecast of flat revenues for Q1/2003
# operating expenses fell 33% one year after job-cuts
# sales and marketing costs dropped 65% to 16.5m$ yoy
# ASP > 1m$
# DSO 12 days
# buy-back of 50m$ worth of ARBA-stock announced
# Cash, cash equivalents and investments 245.3m$ (-6% yoy)
------------------------------------------------------------------------

what I don't understand is:
# what are the "investments" in their reported cash-position?
# why do they carry so much deferred revenue -> 156.3m$ in Q4?
# why didn't they get rid of goodwill in one big piece?

analysts:
MLY: "Ariba's launch of Project Colorado (its product line refresh and new analytics offering) in early Nov. could provide a near-term
catalyst."

cash position (in million $):
Jun 30, 2002 Mar 31, 2002 Dec 31, 2001 Sep 30, 2001
Cash And Cash Equivalents 104.8 / 113.5 / 72.3 / 74.7
Short Term Investments 63.5 / 51.6 / 109.3 / 145.9
total 168.3 / 165.1 / 181.6 / 220.6
-> seems like they are more & more stopping to burn cash...




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