Adexa Sold to FreeMarkets.A New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of company announced plans to buy Adexa Inc., a Los Angeles-based maker of e-business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web. software, for more than $380 million in stock. FreeMarkets Inc. said the move would put the online software auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. in greater competition with rivals such as 12 Technologies Inc. Adexa, which generated $50 million in revenue in 2000, should boost FreeMarkets' revenue and margins this year and will add to revenue, margins and operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before per share in 2002, FreeMarkets' officials said. FreeMarkets said it would exchange 17.25 million shares and options for all shares and options of privately held Adexa. Based on the price of FreeMarkets stock at the time the deal was announced, the transaction had a value of $413 million. FreeMarkets makes auctioning software that enables customers to find suppliers and buy direct goods or raw materials over the Web. Once customers have found those suppliers, Adexa's supply chain management software allows them to manage the buying process. Suppliers, in turn, are able to track demand, plan production and manage inventory levels. |
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