-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B/eynWx3Aez4NiuOkdBRwGwKbU/bTitvwVHdKyUirgFZUxkcFQVe0MdhOZKZa3z8 CqIzkUsWA4b5rgS3OpIXlw== 0000950134-00-003504.txt : 20000420 0000950134-00-003504.hdr.sgml : 20000420 ACCESSION NUMBER: 0000950134-00-003504 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000419 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASPECT DEVELOPMENT INC CENTRAL INDEX KEY: 0001013334 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 251622857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: SEC FILE NUMBER: 000-20749 FILM NUMBER: 604736 BUSINESS ADDRESS: STREET 1: 1395 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 6504282700 MAIL ADDRESS: STREET 1: 1395 CHARLESTON ROAD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: I2 TECHNOLOGIES INC CENTRAL INDEX KEY: 0001009304 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 752294945 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: ONE 12 PLACE STREET 2: 11701 LUNA RD CITY: DALLAS STATE: TX ZIP: 75234 BUSINESS PHONE: 4643571000 MAIL ADDRESS: STREET 1: ONE 12 PLACE STREET 2: 11701 LUNA RD CITY: DALLAS STATE: TX ZIP: 75234 425 1 PRESS RELEASE FILED PURSUANT TO RULE 425 1 Filed by i2 Technologies, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: Aspect Development, Inc. Commission File No: 000-20749 PRESS RELEASE [i2 LOGO] i2 REPORTS RECORD FIRST QUARTER RESULTS POWERED BY TRADEMATRIX(TM) TOTAL REVENUES OF $186 MILLION AND EPS OF $.07 SET NEW FIRST QUARTER RECORDS DALLAS, TEXAS -- April 18, 2000 -- i2 Technologies, Inc. (Nasdaq: ITWO), the leading provider of intelligent eBusiness solutions, today announced record results for the company's first quarter ended March 31, 2000. Total revenues for the quarter grew to $186 million, 58% over first quarter 1999 total revenues of $118 million. Net income exceeded $12 million, or $.07 per share in the first quarter 2000, compared to a net loss of $1.2 million, or ($.01) per share a year ago, excluding acquisition-related costs in both periods. "We are excited to announce the results of an excellent first quarter for i2, and one in which we gained a lot of momentum with TradeMatrix," said Sanjiv Sidhu, CEO of i2. "Our results this quarter clearly demonstrate the strength of the B2B market and i2's position as a leading marketplace service provider." Following its initial introduction in October of 1999, i2's TradeMatrix platform added multiple industry marketplaces. The company has been selected to power both private and public marketplaces with aggregate spending measured annually in trillions of dollars. Leading companies in automotive, aerospace, high-tech, consumer goods, apparel, timber, medical and logistics chose i2's TradeMatrix solutions to create new online marketplaces or to improve their existing trading relationships. "i2 has built a reputation for delivering value to our customers through industry-leading solutions, including our dominant supply chain suite," stated Mr. Sidhu. "In the first quarter of 2000, we were selected by such industry leaders as IBM, Toyota, Honeywell, VF Corporation, Ryder, Nortel, Johnson & Johnson, and many others to provide the most valuable marketplace solutions available for their trading communities." "The growing demand for our marketplace solutions drove both current revenues this quarter and growth in our deferred revenues," i2's CFO, Bill Beecher, explained. Deferred revenues grew dramatically -- up $64 million during the quarter -- to a balance of $137 million on March 31. "These deferred revenues will be recognized over time, along with additional recurring revenues associated with the services we'll be providing to marketplace participants," continued Mr. Beecher. i2 announced agreements in March to acquire Aspect Development and Supplybase through stock swap arrangements. Aspect and Supplybase have the leading solutions for content management, design, sourcing and procurement of both standard and custom materials. "Our acquisitions of Aspect and Supplybase clearly make us the B2B powerhouse with the most comprehensive set of solutions available today," stated Mr. Sidhu. "Based on further analysis and initial customer reactions, the combination makes even more sense to us today than when we first announced it. We are very focused on the integration of our companies and are making excellent progress." i2 also partnered with Ariba and IBM to create the industry standard platform for the next generation of B2B, complete with end-to-end solutions that will help deliver on the promise of e-business. Customers are quickly responding to the strength of the combined capabilities of these three companies. Since the initial announcement of the partnership, several customers have chosen the team to power their marketplaces, including such industry leaders as Volkswagen, Food Distributors International, and major medical suppliers forming a new medical products exchange. Mr. Sidhu concluded, "In summary, the B2B opportunity is enormous and demand is strong. The Tradematrix platform and breadth of solutions is the most comprehensive in the market. i2's execution continues to be excellent, as evidenced by another great quarter. Our partnerships and acquisitions will make us even stronger. Put it all together and we're destined to achieve our mission of providing tremendous value, and our goal to make TradeMatrix the obvious choice for business." -more- 2 i2 REPORTS 58% FIRST QUARTER REVENUE GROWTH POWERED BY TRADEMATRIX(TM)(PAGE 2) OTHER NEWS IN THE QUARTER Mergers and Alliances i2 and Aspect Development, Inc., the global leader in collaborative solutions for B2B marketplaces, announced a definitive agreement to merge. The merger combines the strengths of two companies with proven track records to expand the TradeMatrix B2B marketplace solution and rapidly deliver best-of-breed e-commerce content, product design collaboration and direct procurement. i2 entered into a definitive agreement to acquire Supplybase Inc., a leading provider of solutions for web-based product design and sourcing of custom parts and assemblies. IBM, i2 and Ariba announced a broad, strategic alliance to deliver the industry's first end-to-end solution for B2B e-commerce and collaboration. The watershed alliance includes the tight integration of technologies, global marketing and selling of targeted solutions, and an equity investment by IBM in both Ariba and i2. i2 formed a strategic alliance with Siebel Systems, whereby joint Siebel Systems and i2 customers should benefit from having Siebel Systems' customer-centric e-business applications seamlessly linked to i2's personalization, order fulfillment and supply chain optimization solutions. E.piphany and i2 announced an agreement to provide a solution that will empower their customers to achieve and maintain a higher level of customer loyalty through personalized interactions based on real-time data analytics and order promising and fulfillment. Netmosphere, Inc., the leader in e-business solutions for project collaboration and communication, announced it is partnering with i2 to integrate its Internet-based project collaboration technology with i2's TradeMatrix solutions for Product Lifecycle Management (PLM). i2 and Siemens IT Service, one of the leading companies providing managed services for IT infrastructure, agreed on a strategic alliance to develop an open marketplace that offers procurement management services. i2 announced a reseller agreement with Unifi Technology Group, a leading manufacturing consulting and integration company. Marketplaces United Technologies Corp., Honeywell and i2 announced their intention to launch MyAircraft.com, a joint venture focused on developing and operating a comprehensive open electronic marketplace for aerospace products and services available to all industry participants. i2 partnered with Toyota Motor Sales USA (TMS) to form iStarXchange, an electronic marketplace serving the $100 billion U.S. automotive replacement parts market for the service and repair industry. The business venture will be an independent company, jointly owned by TMS and i2. i2 announced the launch of SoftgoodsMatrix(TM), an open Web-based business-to-business marketplace designed to connect retail, apparel, footwear, home furnishings, floor covering and textile companies. Volkswagen, IBM, i2 and Ariba signed a memorandum of understanding for a strategic partnership to build a global digital marketplace. i2 announced FreightMatrix(TM), a logistics industry marketplace which integrates logistics planning, commerce and execution in a comprehensive business-to-business electronic marketplace. Ryder System, Inc., plans to be the anchor third-party logistics provider and Central Transportation International plans to be the anchor less-than-truckload motor carrier for FreightMatrix. -more- 3 i2 REPORTS 58% FIRST QUARTER REVENUE GROWTH POWERED BY TRADEMATRIX(TM)(PAGE 3) i2 announced eServiceMatrix(TM), a B2B and business-to-consumer (B2C) marketplace solution for the management of aftermarket parts and service. Fasturn, Inc., in association with i2, announced the development of Fasturn.com, a marketplace for procurement and intelligent sourcing solutions to address the complex relationship between retailers, buyers and manufacturers in the apparel industry. Customers Ericsson's Consumer Segment purchased i2's solutions to enhance its supply chain management. U.S. Steel Group, a division of USX Corporation, purchased i2's solutions for hot mill, cold mill and finishing mill scheduling. Tech Data Corporation, a leading global distributor of IT products, logistics management and other added-value services to technology resellers, purchased i2's solutions to help deliver superior customer satisfaction. Nucor Steel, one of the nation's leading manufacturers of steel products, purchased i2's Metals Industry Solution for implementation at the company's Crawfordsville, Ind. plant. Technology i2 announced the launch of Fabless Master Planning Services, which provide Internet-based capacity and inventory planning for the growing community of fabless semiconductor companies. i2 announced it has completed the acquisition of IBM's software for planning, retail merchandising and replenishment, including INFOREM(R) and Makoro for Merchandise Planning(R). The announcement is a strategic step in advancing the i2, IBM and Ariba alliance. Net Perceptions, Inc. announced that i2 plans to license Net Perceptions' Knowledge Refinery for integration into i2's TradeMatrix B2B and B2C marketing, commerce, fulfillment and customer care solutions. ABOUT i2: i2 is the leading global provider of intelligent eBusiness solutions. Founded in 1988, i2's vision is to add $50 billion of value for its customers by the year 2005. i2 is headquartered in Dallas, TX, has approximately 3,200 employees and maintains offices worldwide. For additional information, visit i2 on the Web at www.i2.com. TradeMatrix is a comprehensive electronic business solution that enables companies to deploy business-to-business and business-to-consumer portals. TradeMatrix offers the broadest spectrum of solutions and hosted services available including procurement, commerce, fulfillment, customer care, retail, planning and product development, enabling customers, partners, suppliers and service providers to conduct business in real time. TradeMatrix services and marketplaces are powered by i2's advanced optimization and execution capabilities for improved decision making. i2 and the i2 logo design are registered trademarks of i2 Technologies, Inc. TradeMatrix, SoftgoodsMatrix, FreightMatrix, HightechMatrix, and eServiceMatrix are trademarks of i2 Technologies, Inc. CAUTIONARY LANGUAGE: This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the expected delivery and benefits of use of i2's products. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors which could impact i2's financial results, please refer to i2's recent filings with the SEC, particularly the Form 10-K filed March 22, 2000. FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Brent Anderson i2 Investor Relations (469) 357-6012 brent_anderson@i2.com ADDITIONAL INFORMATI0N AND WHERE TO FIND IT i2 Technologies has filed a Registration Statement on SEC Form S-4 in connection with its merger with Aspect, and i2 and Aspect expect to mail a Joint Proxy Statement/Prospectus to stockholders of i2 and Aspect containing information about the merger. Investors and security holders are urged to read the Registration Statement and the Joint Proxy Statement/Prospectus carefully when they are available. The Registration Statement and the Joint Proxy Statement/Prospectus will contain important information about i2, Aspect, the merger and related matters. Investors and security holders will be able to obtain free copies of these documents through the web site maintained by the U.S. Securities and Exchange Commission at http//www.sec.gov. Free copies of the Joint Proxy Statement/Prospectus and these other documents may also be obtained from Aspect by directing a request through the Investors Relations portion of Aspect's web site at http//www.aspectdv.com or by mail to Aspect Development, Inc., 1395 Charleston Rd., Mountain View, CA 94043, attention: Investor Relations, telephone: (650) 428-2700. In addition to the Registration Statement and the Joint Proxy Statement/Prospectus, i2 and Aspect file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information filed by i2 or Aspect at the SEC public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at any of the a SEC's other public reference rooms in New York, New York and Chicago, Illinois. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. i2's and Aspect's filings with the SEC are also available to the public from commercial document-retrieval services and at the Web site maintained by the SEC at http://www.sec.gov. 4 i2 TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts)
Three Months Ended March 31, (unaudited) ------------------------------ 1999 2000 ------------ ------------ Revenues: Software licenses $ 74,071 $ 113,584 Services 28,784 46,870 Maintenance 14,744 25,826 ------------ ------------ Total revenues 117,599 186,280 ------------ ------------ Costs and expenses: Cost of software licenses 3,161 5,366 Cost of services and maintenance 28,979 41,072 Sales and marketing 42,733 66,210 Research and development 30,322 39,846 General and administrative 12,171 16,607 ------------ ------------ In-process R&D and acquisition-related expenses 303 557 ------------ ------------ Total costs and expenses 117,669 169,658 ------------ ------------ Operating income (70) 16,622 Other income, net 1,078 2,499 ------------ ------------ Income before income taxes 1,008 19,121 Provision for income taxes 2,534 7,380 ------------ ------------ Net income $ (1,526) $ 11,741 ============ ============ Net income per share $ (0.01) $ 0.08 Net income per share, assuming dilution $ (0.01) $ 0.06 Weighted average common shares outstanding 147,392 156,500 Weighted average common shares outstanding, assuming dilution 147,392 183,025 EXCLUDING IN-PROCESS RESEARCH & DEVELOPMENT AND ACQUISITION-RELATED EXPENSES Net income $ (1,223) $ 12,298 Net income per share $ (0.01) $ 0.08 Net income per share, assuming dilution $ (0.01) $ 0.07
5 i2 TECHNOLOGIES, INC. CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT SHARE DATA)
December 31, March 31, 1999 2000 ------------ ------------ ASSETS Current assets: Cash and cash equivalents $ 454,585 $ 456,936 Short-term investments 124,806 181,464 Accounts receivable, net 157,586 187,065 Prepaid and other current assets 10,607 26,650 Deferred income taxes 15,868 17,638 ------------ ------------ Total current assets 763,452 869,753 Furniture and equipment, net 50,483 59,907 Deferred income taxes and other assets 47,614 331,323 ------------ ------------ Total assets $ 861,549 $ 1,260,983 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 20,039 $ 22,471 Accrued liabilities 81,246 114,315 Deferred revenue 72,617 136,689 Income taxes payable 4,511 6,585 ------------ ------------ Total current liabilities 178,413 280,060 Long term debt 350,000 350,000 Deferred income taxes 968 968 ------------ ------------ Total liabilities 529,381 631,028 ------------ ------------ Stockholders' equity: Preferred Stock, $0.001 par value, 5,000,000 shares authorized, none issued -- -- Common Stock, $0.00025 par value, 500,000,000 shares authorized, 155,412 and 157,489 shares issued and outstanding, respectively 39 39 Additional paid-in capital 297,879 584,008 Accumulated other comprehensive loss (4,126) (4,209) Retained earnings 38,376 50,117 ------------ ------------ Total stockholders' equity 332,168 629,955 ------------ ------------ Total liabilities and stockholders' equity $ 861,549 $ 1,260,983 ============ ============
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