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[aspect DEVELOPMENT LOGO} PRESS RELEASE [i2 LOGO]
SHAREHOLDERS APPROVE MERGER OF i2 AND ASPECT
DALLAS, TEXAS AND MOUNTAIN VIEW, CALIF., JUNE 8, 2000 - i2 Technologies, Inc.
and Aspect Development, Inc. announced that shareholders of both companies
decisively approved the merger agreement in special meetings held concurrently
today for the express purpose of voting on the agreement. The merger agreement
calls for the issuance of 0.55 of a share of i2 (NASDAQ: ITWO) common stock in
exchange for each outstanding share or option of Aspect (NASDAQ: ASDV) common
stock.
With these approvals, management teams of the two companies are diligently
proceeding toward closing the transaction, which is expected to occur in the
next few days. Upon closing, the exchange of shares will commence and shares of
Aspect will cease to trade on the Nasdaq National Market.
ABOUT THE COMPANIES:
i2 is the leading global provider of intelligent eBusiness solutions. Founded in
1988, i2's vision is to add $50 billion of value for its customers by the year
2005. i2 is headquartered in Dallas, TX, has approximately 3,600 employees and
maintains offices worldwide. Visit i2's Web site at http://www.i2.com.
TradeMatrix(TM) is a comprehensive electronic business solution that enables
companies to deploy business-to-business and business-to-consumer portals.
TradeMatrix offers the broadest spectrum of solutions and hosted services
available including procurement, commerce, fulfillment, customer care, retail,
planning and product development enabling customers, partners, suppliers and
service providers to conduct business in real-time. TradeMatrix services and
marketplaces are powered by i2's advanced optimization and execution
capabilities for improved decision-making.
i2 and the i2 logo design are registered trademarks of i2 Technologies, Inc.
TradeMatrix is a trademark of i2 Technologies, Inc.
Aspect, headquartered in Mountain View, CA, is the leading global provider of
collaborative solutions for business-to-business (B2B) e-commerce and inbound
supply for the enterprise and its trading partners. Aspect solutions provide
decision support and content for procurement, product development, operations,
eCommerce, and marketplaces. Aspect delivers the largest value proposition of
any B2B eCommerce solution by reducing production and non-production/MRO spend
and increasing revenue and market share by accelerating new product
introduction. More than 180 of the world's largest companies, with combined
annual revenue of $1 trillion and $500 billion in annual inbound supply spend,
are customers of Aspect. For further information on Aspect, visit at
www.aspectdv.com.
CAUTIONARY LANGUAGE:
This press release may contain forward-looking statements that involve risks and
uncertainties, including the timing of closing the merger transaction. Among the
important factors which could cause actual results to differ materially from
those in the forward-looking statements are actions taken by regulatory
authorities and general economic conditions. For additional discussion of
factors, which could impact i2's financial results, please refer to i2's recent
filings with the SEC, particularly the Form 10-K filed March 22, 2000 and Form
10-Q filed May 15, 2000.
CONTACT:
Sue LaDow Brent Anderson
i2 Technologies, Inc. i2 Technologies, Inc.
469-357-3027 469-357-6012
[email protected] [email protected]
