Agile Comments on Outlook for Current Quarter Results and Board Adopts Shareholder Rights Plan

Apr 03, 2001, 01:00 ET from Agile Software Corporation

    SAN JOSE, Calif., April 3 /PRNewswire/ --
 Agile Software Corporation (Nasdaq:  AGIL), a leading provider of
 business-to-business collaborative manufacturing solutions, today provided
 guidance on its estimated results for the quarter ending April 30, 2001.
     The Company said that based on its results for the quarter to date, it
 estimates that it will achieve revenue in the range of $26 million to
 $27 million.  Earnings (net loss) per share, excluding acquisition related
 costs and before amortization and other intangibles, are estimated to be in
 the range of $(.06) to $(.03).  Revenue and earnings in the preceding quarter
 were $25.0 million and $.01 per share.  Revenue and earnings in the
 year-earlier quarter ending April 30, 2000, were $10.8 million and $(.02) per
 share.
     Agile expects to take a one-time charge of approximately $5.0 million in
 connection with the termination of its merger with Ariba.  Due to current
 uncertain economic conditions, Agile also expects in the current quarter to
 take significant one-time charges relating to investments and possible write
 down of goodwill related to its 1999 acquisition of Digital Market, Inc.
     The foregoing estimates are based upon management's current estimates, and
 could be higher or lower than the range indicated based on subsequent events.
     "While we are currently comfortable with our estimates for the fourth
 quarter," said Bryan D. Stolle, CEO of Agile, "and we are continuing to close
 larger seven figure deals with the likes of Benchmark Electronics, Ciena,
 Hitachi, SCI, and Solectron, we are mindful that in the last few months
 economic conditions have declined very rapidly and that many IT companies were
 not able to close expected business in the last month of their quarter which
 negatively impacted their results.  There can be no assurance that the same
 thing won't happen to Agile.  Given these conditions, while we see no current
 need for staff reductions, business prudence dictates that we watch spending
 and slow hiring until we get a clearer picture of where the bottom is for this
 economic slow-down.  From a long-term perspective, we remain confident in our
 business and the value we bring to our customers," concluded Stolle.
     In addition, the company has announced that its Board of Directors has
 adopted a Preferred Stock Purchase Rights Plan designed to enable all Agile
 stockholders to realize the full value of their investment and to provide for
 fair and equal treatment for all Agile stockholders in the event that an
 unsolicited attempt is made to acquire Agile.  The adoption of the Plan is
 intended as a means to guard against any potential use of takeover tactics
 designed to gain control of Agile without paying all stockholders full and
 fair value.  The distribution of the Rights is not in response to any proposal
 to acquire Agile.  The Board is not aware of any such effort.
     Under the Plan, stockholders will receive one Right to purchase
 one one-thousandth of a share of a new series of Agile Preferred Stock for
 each outstanding share of Agile Common Stock held of record at the close of
 business on April 26, 2001.  The Rights expire on April 2, 2011.
     The company will be holding a conference call today at 2:00 p.m. PDT.  The
 dial-in number is 888-604-5272.  There will be a live web broadcast available
 on the investor relations web site at www.agilesoft.com.
 
     About Agile
     Agile Software Corporation is a leading supplier of business-to-business
 collaborative manufacturing commerce solutions. Agile products enable supply
 chain partners to communicate and collaborate over the Internet about new or
 changing product content, and then source and procure the required components.
 At MyAgile.comTM, Agile also provides the dispersed supply chain with
 mission-critical eServices such as online marketplaces, custom part
 procurement, wireless access, and components research. Agile customers include
 Amkor Technologies, Compaq Computer, Dell Computer, Flextronics International,
 Flow International, GE Medical Systems, International Paper, Juniper Networks,
 Lucent Technologies, Nvidia, Philips, Sycamore Networks, Texas Instruments,
 Zhone Technologies, and others. For more information, call 408-975 3900, or
 visit Agile at www.agilesoft.com.
 
     This "Safe Harbor" Statement Under the Private Securities Litigation
 Reform Act of 1995:  Information in this release that involves Agile's
 beliefs, hopes, plans, expectations, intentions or strategies regarding the
 future consists of forward-looking statements that involve risks and
 uncertainties, which are based upon information available to Agile as of the
 date of the release, and we assume no obligation to update any such forward-
 looking statement. These statements are not guarantees of future performance
 and actual results could differ materially from our current expectations.
 Factors that could cause or contribute to such differences include, but are
 not limited to, declining economic conditions including a possible recession,
 cutbacks by our customers in their purchases of software such as ours, delays
 and difficulties in introducing new products and upgrades of existing versions
 of our products; lack of market acceptance of Agile Anywhere(TM) or Agile
 Buyer(TM) or other new products or services; inability to continue timely
 delivery of competitive new products and services; introduction of new
 products or services by major competitors; risks related to the Internet on
 our business and prospects; and our ability to recruit or retain necessary
 personnel and significant fluctuations in our stock price. These and other
 factors and risks associated with our business are discussed in the Company's
 Form 10-K filed July 24, 2000 and Form 10-Q filed on March 12, 2001.
 
     NOTE:  Agile Software, the Agile Software logo, Agile Anywhere, Agile
 Buyer, and MyAgile.com are trademarks of Agile Software Corporation in the
 U.S. and/or other countries. All other brand or product names are trademarks
 and registered trademarks of their respective holders.
 
 

SOURCE Agile Software Corporation
    SAN JOSE, Calif., April 3 /PRNewswire/ --
 Agile Software Corporation (Nasdaq:  AGIL), a leading provider of
 business-to-business collaborative manufacturing solutions, today provided
 guidance on its estimated results for the quarter ending April 30, 2001.
     The Company said that based on its results for the quarter to date, it
 estimates that it will achieve revenue in the range of $26 million to
 $27 million.  Earnings (net loss) per share, excluding acquisition related
 costs and before amortization and other intangibles, are estimated to be in
 the range of $(.06) to $(.03).  Revenue and earnings in the preceding quarter
 were $25.0 million and $.01 per share.  Revenue and earnings in the
 year-earlier quarter ending April 30, 2000, were $10.8 million and $(.02) per
 share.
     Agile expects to take a one-time charge of approximately $5.0 million in
 connection with the termination of its merger with Ariba.  Due to current
 uncertain economic conditions, Agile also expects in the current quarter to
 take significant one-time charges relating to investments and possible write
 down of goodwill related to its 1999 acquisition of Digital Market, Inc.
     The foregoing estimates are based upon management's current estimates, and
 could be higher or lower than the range indicated based on subsequent events.
     "While we are currently comfortable with our estimates for the fourth
 quarter," said Bryan D. Stolle, CEO of Agile, "and we are continuing to close
 larger seven figure deals with the likes of Benchmark Electronics, Ciena,
 Hitachi, SCI, and Solectron, we are mindful that in the last few months
 economic conditions have declined very rapidly and that many IT companies were
 not able to close expected business in the last month of their quarter which
 negatively impacted their results.  There can be no assurance that the same
 thing won't happen to Agile.  Given these conditions, while we see no current
 need for staff reductions, business prudence dictates that we watch spending
 and slow hiring until we get a clearer picture of where the bottom is for this
 economic slow-down.  From a long-term perspective, we remain confident in our
 business and the value we bring to our customers," concluded Stolle.
     In addition, the company has announced that its Board of Directors has
 adopted a Preferred Stock Purchase Rights Plan designed to enable all Agile
 stockholders to realize the full value of their investment and to provide for
 fair and equal treatment for all Agile stockholders in the event that an
 unsolicited attempt is made to acquire Agile.  The adoption of the Plan is
 intended as a means to guard against any potential use of takeover tactics
 designed to gain control of Agile without paying all stockholders full and
 fair value.  The distribution of the Rights is not in response to any proposal
 to acquire Agile.  The Board is not aware of any such effort.
     Under the Plan, stockholders will receive one Right to purchase
 one one-thousandth of a share of a new series of Agile Preferred Stock for
 each outstanding share of Agile Common Stock held of record at the close of
 business on April 26, 2001.  The Rights expire on April 2, 2011.
     The company will be holding a conference call today at 2:00 p.m. PDT.  The
 dial-in number is 888-604-5272.  There will be a live web broadcast available
 on the investor relations web site at www.agilesoft.com.
 
     About Agile
     Agile Software Corporation is a leading supplier of business-to-business
 collaborative manufacturing commerce solutions. Agile products enable supply
 chain partners to communicate and collaborate over the Internet about new or
 changing product content, and then source and procure the required components.
 At MyAgile.comTM, Agile also provides the dispersed supply chain with
 mission-critical eServices such as online marketplaces, custom part
 procurement, wireless access, and components research. Agile customers include
 Amkor Technologies, Compaq Computer, Dell Computer, Flextronics International,
 Flow International, GE Medical Systems, International Paper, Juniper Networks,
 Lucent Technologies, Nvidia, Philips, Sycamore Networks, Texas Instruments,
 Zhone Technologies, and others. For more information, call 408-975 3900, or
 visit Agile at www.agilesoft.com.
 
     This "Safe Harbor" Statement Under the Private Securities Litigation
 Reform Act of 1995:  Information in this release that involves Agile's
 beliefs, hopes, plans, expectations, intentions or strategies regarding the
 future consists of forward-looking statements that involve risks and
 uncertainties, which are based upon information available to Agile as of the
 date of the release, and we assume no obligation to update any such forward-
 looking statement. These statements are not guarantees of future performance
 and actual results could differ materially from our current expectations.
 Factors that could cause or contribute to such differences include, but are
 not limited to, declining economic conditions including a possible recession,
 cutbacks by our customers in their purchases of software such as ours, delays
 and difficulties in introducing new products and upgrades of existing versions
 of our products; lack of market acceptance of Agile Anywhere(TM) or Agile
 Buyer(TM) or other new products or services; inability to continue timely
 delivery of competitive new products and services; introduction of new
 products or services by major competitors; risks related to the Internet on
 our business and prospects; and our ability to recruit or retain necessary
 personnel and significant fluctuations in our stock price. These and other
 factors and risks associated with our business are discussed in the Company's
 Form 10-K filed July 24, 2000 and Form 10-Q filed on March 12, 2001.
 
     NOTE:  Agile Software, the Agile Software logo, Agile Anywhere, Agile
 Buyer, and MyAgile.com are trademarks of Agile Software Corporation in the
 U.S. and/or other countries. All other brand or product names are trademarks
 and registered trademarks of their respective holders.
 
 SOURCE  Agile Software Corporation