Epoch Partners Previews Earnings for E-Business Software Industry

Note Highlights Upcoming Earnings from Ariba (Nasdaq: ARBA),

Commerce One (Nasdaq: CMRC), i2 Technologies (Nasdaq: ITWO),

MRO Software (Nasdaq: MROI) and Pivotal (Nasdaq: PVTL)



Apr 10, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 10 /PRNewswire/ -- Mark Verbeck, Senior Analyst,
 Software with Epoch Partners today issued a Research Note on the earnings
 outlook for selected E-Business Software companies. The following are key
 highlights included in the Research Note, which can be accessed in its full
 form at the Epoch Web site (www.epoch.com):
 
     -- The March quarter was perhaps the most difficult environment we have
 seen for enterprise software in recent memory. More than 30 prominent software
 concerns, including Ariba, Commerce One and i2, issued warnings that quarterly
 results would be worse than originally expected.
     -- IT spending slowed dramatically across regions, industries and
 products. Based on anecdotal evidence, the environment grew progressively more
 difficult in March.
     -- Expect companies that have not already preannounced to meet
 expectations with little or no upside to published estimates.
     -- Discerning company-specific execution difficulties becomes key as each
 company has an economic excuse to which it can lay claim. Metrics such as
 deferred revenues and channel productivity should offer insight into relative
 performance.
     -- Cost-cutting initiatives will rule the day, but deep cuts need to be
 analyzed in the context of their impact on company growth.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:
 Ariba, Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics
 Group, Oracle Corporation, Project Software & Development, Inc., and Pivotal
 Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector. To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     NOTE:  Epoch Partners is a member of the National Association of
 Securities Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 10 /PRNewswire/ -- Mark Verbeck, Senior Analyst,
 Software with Epoch Partners today issued a Research Note on the earnings
 outlook for selected E-Business Software companies. The following are key
 highlights included in the Research Note, which can be accessed in its full
 form at the Epoch Web site (www.epoch.com):
 
     -- The March quarter was perhaps the most difficult environment we have
 seen for enterprise software in recent memory. More than 30 prominent software
 concerns, including Ariba, Commerce One and i2, issued warnings that quarterly
 results would be worse than originally expected.
     -- IT spending slowed dramatically across regions, industries and
 products. Based on anecdotal evidence, the environment grew progressively more
 difficult in March.
     -- Expect companies that have not already preannounced to meet
 expectations with little or no upside to published estimates.
     -- Discerning company-specific execution difficulties becomes key as each
 company has an economic excuse to which it can lay claim. Metrics such as
 deferred revenues and channel productivity should offer insight into relative
 performance.
     -- Cost-cutting initiatives will rule the day, but deep cuts need to be
 analyzed in the context of their impact on company growth.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:
 Ariba, Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics
 Group, Oracle Corporation, Project Software & Development, Inc., and Pivotal
 Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector. To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     NOTE:  Epoch Partners is a member of the National Association of
 Securities Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.