ACQUISITION: OnDisplay scoops up Oberon in stock dealOnDisplay Inc. will acquire privately held Oberon Software in a $181 million stock-for-stock purchase that will yield a combined offering for electronic-business infrastructures. To close the deal, OnDisplay will be issuing approximately 1,922,500 shares of common stock at $181 million for the outstanding shares of Oberon; Oberon's outstanding options will also become the obligation of OnDisplay. The acquisition is expected to be complete by the end of the current quarter. The name of the combined company will be OnDisplay.
Oberon's e-Enterprise integration software will become a component of OnDisplay's CenterStage eIntegrate and CenterStage eBizXchange Internet portal construction infrastructure products.
FINANCIALS: Apple's Jobs reaps benefits after strong first quarterA soaring first-quarter financial report from Apple Computer Inc. last week was coupled with news that the company's board of directors wants to send CEO Steve Jobs soaring -- in his own airplane.
Apple posted a first-quarter net profit for fiscal-year 2000 of $183 million, or $1.03 per diluted share, beating analysts' estimates by 10 cents per share, company officials said. The results for the three-month period that ended Jan.
1 compare to a net profit of $152 million, or 95 cents per diluted share, for the same quarter one year ago. Revenue was $2.34 billion, up 37 percent from the same quarter one year ago.
Apple attributed the banner quarter to continued strong sales of the company's iMac and iBook computers. Jobs, who recently dropped the "interim" prefix from his CEO title, said the company's unit sales growth last quarter was 2.5 times higher than the industry average, adding that Apple has also managed its inventory well.
The Apple board voted to give Jobs a Gulfstream V airplane in recognition of his service as interim CEO, and also granted Jobs the option to buy 10 million shares of Apple common stock.
ACQUISITION: Siebel acquires marketing vendor ParagrenSiebel Systems Inc. last week acquired Paragren Technologies, a marketing automation software vendor, for an undisclosed sum from APAC Customer Services.
Siebel, a specialist in customer relationship management software, plans to extend the functions of its marketing software by combining it with Paragren's marketing database system. This will allow users to access and target customer data and contact customers via e-mail, fax, the Web, or phone, Siebel officials said.
Paragren's core product is a family of marketing applications called One-By-One. It includes tools for data mining and analysis, acquiring and keeping customers, and real-time marketing. The One-By-One server organizes data from different sources into one framework.
Siebel's products include Siebel eMarketing, software that delivers personalized promotions and communications with customers via e-mail and the Web, as well as Siebel Marketing, tools for developing and delivering marketing information and analyzing interaction with customers and marketing campaigns.