1 posts and columns on caution

Voices

Ariba: JMP Sees Trouble in Services Business; Cuts Estimates

in News on December 11, 2008 at 3:17 pm PT

Ariba, which helps businesses manage spending via its software solutions, got a cautionary note today. The service business may not fare as well as analysts were assuming, given that product upgrades and extensions are met with more caution in the current economy. Also, Ariba has 170,00 square feet of office space it needs to sublet, with a shrinking pool of potential tenants–which could end up costing the company $150 million over the next five years.