Informix issues dire second quarter
US database and tools company Informix has issued a profit warning, predicting net income for the second quarter of one to three cents per share on revenue of between $US240 million and $250 million, well below analysts' expectations. Earnings of 12 cents per share were predicted in a consensus poll of six analysts conducted by First Call/Thomson Financial. The warning comes after two successive quarters in which the company has outperformed analysts' expectations. Informix reported pro-forma net income for the year-ago quarter of six cents per share on revenue of $250.6 million, excluding non-recurring charges. Final results for the most recent quarter, which ended June 30, are expected July 19.www.informix.comOracle president and COO resignsOracle has announced that Ray Lane, its long-time president and chief operating officer, is resigning from the company. Lane, who is 53, joined Oracle as COO eight years ago and was made president in 1996. He will remain a member of Oracle's board of directors. Lane has been credited with playing an important role in Oracle's growth, although his contributions were often eclipsed by the company's colourful chairman and chief executive officer, Larry Ellison. Lane's responsibilities included overseeing the company's sales force, and meeting with large customers to promote Oracle's software. Lane was apparently a much sought-after executive in Silicon Valley. He was reported to have turned down the top job at Compaq Computer before it hired Michael Capellas as its new CEO.
Alliance aimed at small companies
In news out of the US, Ariba and The EC Co are trying to level the e-business playing field for small and midsize suppliers, often referred to as "the forgotten five million". Under the deal, EC, a US-based e-commerce services firm, will provide suppliers with free software to electronically receive and process orders placed by large corporate buyers using procurement software from Ariba. Once connected to EC's network, the smaller suppliers - many of which now do business by telephone and fax - can conduct all business electronically. Suppliers can download the EC software from the company's Web site. The EC software functions much like a value-added network, handling all the transaction processing behind the scenes.