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B2B E-COMMERCE Software Leader Ariba Is Facing Choppy Waters.(A)
By Murray Coleman
Investor's Business Daily
Ariba Inc., one of the pioneers in business-to-business e-commerce, is headed for troubled times.
Critics argue that more than a softening economy is at the heart of the software maker's problems. The Mountain View, Calif.-based firm Monday made public plans to cut 700 jobs. That represents a third of its work force. The move came after Ariba issued an early warning it would miss Wall Street's expectations by a mile.
Thirteen analysts polled by First Call/Thomson Financial last week set targets of $180.3 million in revenues and earnings of 5 cents a share for Ariba's March quarter. The company now says it will come in closer to $90 million in sales with a 20 cents a share earnings loss.
As bad as those figures appear, analysts who've been predicting rough going for Ariba say it's only a prelude to deeper problems.
Signs of a possible backlash against some of its software are raising questions about Ariba's long-term strength.
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