In a deal that underscores the notion that many Internet-oriented technology companies are wildly overvalued by the market, business-to-business (B2B) software giant i2 Technologies, Inc. (Nasdaq:ITWO) has agreed to purchase supply chain services company Aspect Development (Nasdaq:ASDV) for $9.3 billion (US$) in stock. Aspect reported $95 million in revenues and $8.9 million in earnings for its fiscal ended December 31, 1999.
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i2 To Buy Aspect in $9.3B B2B Deal
Posted by: Los Angeles Newsroom March 13, 2000 12:00 AMIn a deal that underscores the notion that many Internet-oriented technology companies are wildly overvalued by the market, business-to-business (B2B) software giant i2 Technologies, Inc. (Nasdaq:ITWO) has agreed to purchase supply chain services company Aspect Development (Nasdaq:ASDV) for $9.3 billion (US$) in stock. Aspect reported $95 million in revenues and $8.9 million in earnings for its fiscal ended December 31, 1999.