Retek's CEO John Buchanan Talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--June 16, 2000 The Wall Street Transcript has published an in-depth interview with John Buchanan
The entire 3,500-word interview is available free online at http://www.twst.com/ceos.htm Buchanan gives an overview of the company. "Retek is in the business of providing infrastructure technology to the global retail industry. Retek supports retailers by helping them deal with their customers at the front end, while collaborating at the back end with their supply chain partners to fulfill the needs of those customers." Buchanan explains Retek's competitive advantages, "First is the footprint and our specialization A career option pursued by some attorneys that entails the acquisition of detailed knowledge of, and proficiency in, a particular area of law. As the law in the United States becomes increasingly complex and covers a greater number of subjects, more and more attorneys are in the retail vertical. Retek supports the complete retail cycle, from understanding the retailers' customers at the front end, to fulfilling and orchestrating what is needed throughout the supply chain. Second, Retek invests heavily in R&D, well above comparison to industry norms, so we are always at the forefront of technology. Third, Retek has embedded Inserted into. See embedded system. a number of predictive capabilities in our software, which focuses on neuronets and multi-dimensional vector technology to help anticipate customers' needs and requirements, and the behavior of inventory. So here's what it all comes down to: no other retail software company can claim the high-volume, scalable, Web-architected, and predictive advantages that Retek provides to retailers." Looking forward, Buchanan states, "the new economy and the Internet create new opportunities for Retek as we develop and link collaborative applications to specialized retail services that connect our retailers back with their trading partners. We foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. that as a natural outgrowth of our existing strategy, that revenues and mindshares will accelerate in this market." This interview is part of a 364-page U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Conference Issue available at http://www.twst.com/info/info114.htm or by calling (212) 952-7433. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask Retek (or any public company) a question at http://www.qawire.com The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246-7673. |
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