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Filed by i2 Technologies, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
And deemed filed pursuant to Rule 14a-12 of the
Securities Exchange Act of 1934
Subject Company: Aspect Development, Inc.
Commission File No: 000-20749
i2 TECHNOLOGIES
CONFERENCE CALL
MARCH 13, 2000
OPERATOR: Ladies and gentlemen, thank you for standing by. Welcome to the i2
Aspect Development Merger Conference Call. At this time, all phone participants
are in a listen only mode. Later we will conduct a question and answer session.
Instructions will be given at that time. If you should require assistance during
the call, please press star followed by zero. As a reminder, this conference is
being recorded. I will now be turning the conference over to your host, Mr. Bill
Beecher. Please go ahead.
BILL BEECHER: Good morning everyone. I'm the CFO of i2. Thank you for joining us
today for this early morning call to discuss i2's acquisition announced today.
With me today are Sanjiv Sidhu, Founder and CEO of i2, Dr. Romesh Wadhwani,
Founder and CEO of Aspect Development and Dave Durry, CFO of Aspect Development.
We are coming to you from Mountain View, California. Before I turn the call over
to Sanjiv and Romesh, I will review the Safe Habor language and summarize the
transactions announced today.
We will be making our statements today under the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Statements we make today that
are not historical facts may be forward looking statements regarding i2 or
Aspect's management intentions, hopes, beliefs, plans, expectations or
strategies for the future. These statements are subject to various risks and
uncertainties and our actual results could differ materially from either
company's expectations. The risks and uncertainties are discussed in i2's form
8-K filed on November 30, 1999 and Aspect's most recent form 10-Q on file with
the Securities and Exchange Commission and available at the respective company's
websites. We encourage you to review these risk factors.
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Today we announced our intention to acquire Aspect Development and Supplybase.
I'll let Sanjiv and Romesh describe the companies for you but first I'll review
the transactions. We have an agreement to acquire Aspect Development for
approximately $9.3 billion.
Our agreement anticipates that i2 will acquire all of the stock and outstanding
options of Aspect for approximately 44.9 million shares of i2 common stock and
options. After reflecting Aspect's two for one stock split that you will see
effective at the open of trading today, the exchange ratio is .55 shares of i2
for each share of Aspect's stock which represents a 35% premium to Aspect's
closing price this past Friday, March 10th.
While the acquisition was unanimously approved by the respective boards of
directors, we must still obtain shareholder approval and customary regulatory
approvals. The transaction is expected to close in June or July. On a combined
basis, the Aspect shareholders and option holders will own approximately 18% of
the combined companies.
We also signed an agreement to acquire Supplybase. The stock is valued at
approximately $380 million. We expect this transaction to close in April.
Together, we expect the transaction to have a neutral impact on 2000 cash
earnings and to be accretive to 2001 cash earnings. Both transactions will be
accounted for on the purchase basis. We want to keep your models on a consistent
basis so we'll hold off any further guidance on these transactions until after
they close. I'd now like to turn the call over to Sanjiv.
SANJIV SIDHU: Thanks Bill. Good morning to all of you. Romesh and I would like
to thank all of you for joining us for this very important industry event. To
begin with, we would like to really express our gratitude to the team at i2, at
Aspect, Supplybase and our advisors for working so hard to put together this
merger.
We're joining two industry leaders, i2 and Aspect in the biggest software merger
in history. What we are announcing today creates a b2b powerhouse that has no
equal. This $9.3 billion deal brings together two b2b leaders that share a
common vision, share a focus and have complimentary eMarketplace solutions.
Aspect brings three key powerful elements to i2's TradeMatrix b2b platform.
First, the world's largest eCommerce content relating to industrial art ___ for
eBusiness. Second, design optimization to enable companies to design and write
product from the right suppliers. Third, a strategic sourcing of standard parts
enabling companies to procure intelligently and to fully leverage their spend
across multiple divisions and corporations.
In addition, i2 has also acquired Supplybase, Inc., the leading provider of b2b
solutions for the development and strategic sourcing of custom parts. Together,
these three companies complete the most comprehensive, value-focused, eBusiness
solution in industry today.
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The combination offers ____ and depth of capability. We will deliver best in
trial products across the entire value chain and a unique collection of assets
that make eMarketplaces run. For example, using TradeMatrix you can build
eMarketplaces where businesses can collaborate with customers, collaborate with
suppliers to design product ___.
You can also build marketplaces to source and procure intelligently. You can
also build marketplaces that can sell and service customers directly or via
channels. You can build marketplaces where businesses can work with other
businesses to make and deliver products efficiently.
This represents at least five times the functionality of any other b2b platform.
In each of the above services, each of the services is supported by content and
decision support tools helping to generate more value than other b2b platforms.
What do our new partners bring to TradeMatrix? First, content. A very unique and
critical aspect. The value of the marketplace is dedicated on the richness of
information and the scope of choices offered. With Aspect and Supplybase
products, TradeMatrix will now be able to offer over 70 million parts and
information on more than 100,000 suppliers, unmatched in the b2b world. This
includes more direct parts and materials to manufacture products and mission
critical maintenance groups and equipment. Our strategy would then be to
populate an enriched TradeMatrix and our customer's marketplaces with this
critical information.
Why is content so critical? At the end of the day, the ability to bring buyers
and sellers into a marketplace is dependent on the richness of the content
available. Without content in the marketplace there is limited value created.
In our view, eMarketplaces with rich content will enable customers to make more
effort in eProcurement efficient. We will be able to make the content available
to all b2b marketplaces and open solution if available to others.
The second major contribution that Aspect brings is its leadership and product
lifestyle management and design. This is important to all manufacturers because
critical decisions made during the design phase dramatically influence a
company's ability to optimize later in the value chain.
The trend today is to design products and then to conduct a reverse ___ to
reduce the procurement costs of each component, one component at a time. Aspect
solutions allow you to drastically reduce eProcurement costs by guiding you to
the right component and rationalizing sourcing. The reverse option then becomes
just icing on the cake.
The combination of this capability with existing i2 capabilities will allow us
to truly multiply the value of direct procurement dramatically. Last week we
announced a partnership that redefined b2b eCommerce to bring together the best
of breed
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solutions of i2, ___ and IBM delivering an integrated solution that enables
companies to leverage b2b commerce rapidly.
The announcement today fits right in and takes it one step further. By combining
forces with Aspect and Supplybase we're creating game changing solutions that
address what companies today spend a majority of their resources on, the direct
components and materials that go into their products and the mission critical
equipment and supply.
Let me now summarize some additional facts about our combined strength. We will
now have 14,000 people focused on delivering eBusiness solutions worldwide. More
importantly, this combined team has already delivered $10 billion in value, a
statistic that no other company can match. To top this off, we now have an R&D
budget on a combined basis of over $200 million for the year 2000 focused
entirely on eBusiness solutions.
In summary, together we are creating an eBusiness powerhouse. Let me now
introduce my longtime friend and new partner, Romesh.
ROMESH WADHWANI: This is truly an exciting announcement on a number of levels.
It is thrilling to be making history, to be part of the largest merger in the
software industry is amazing enough. You know Sanjiv and me. We wouldn't be
doing this if it was just about achieving some record. We're doing this merger
because we share a common vision of the b2b marketplace. We believe that
customers are looking for a b2b partner who has the scale, the completeness of
solution and the value proposition that will drive them to a new level of
success. We believe that ___ partners now want to join marketplaces that deliver
much greater value than simply the requisitioning of office supplies. They want
marketplaces where they can dramatically reduce the inefficiencies in their way
of doing business. They want to be able to combine their strengths, collaborate
on new product development, reduce their collective inventory and improve their
customer satisfaction.
They want to manage both the direct materials that go into their products and
the mission critical supplies that keep their plants running. They want most of
all, a b2b technology platform that can do all this today from a proven reliable
partner.
Aspect and i2 have worked together for several years and formalized our business
relationship as ___ in October of 1999. At that time, both of us agreed that we
were on the verge of a business revolution not too different from the world at
the dawn of the automotive age or the Internet. Both of us are passionate about
delivering value to our customers. Both of us have created companies with real
products, real revenue and real profits.
When Sanjiv called to propose a merger we already knew that this combination
made eminent sense because it would deliver this extremely powerful vision. This
powerful vision is all about creating the only complete marketplace solution,
one that spans all the important prophecies from the enterprise to the
marketplace. Aspect provides powerful
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design functionality enabling companies to design products much faster at lower
product costs and saving as much as 15% of the total costs of goods sold.
When combined with i2's product lifecycle management, this combination optimizes
the most mission critical portion of the company's business. In addition, Aspect
and i2 are blending our procurement solutions with Aspect's ___ technology
enabling customers to leverage their global spending dollars across all
divisions and i2's ability to manage the procurement process.
i2 is the industry leader in solutions of planning, fulfillment and customer
care processes and together with the design and procurement processes enabled by
Aspect, this also provides the industry powerhouse technology platform.
What exactly does Aspect bring to this? As Sanjiv mentioned, we first bring
content. Content enables you to answer key questions in business commerce such
as what are my choices, what are my best choices? You know that common sites
like amazon.com would be a complete failure if it didn't have content on the
universe of books. B2B sites similarly need content but the content requirements
are far more complex because we deal with hundreds of millions of dollars,
hundreds of thousands of suppliers, many, many millions of different kinds of
product numbers, always changing products and all the information available in
hundreds of ___.
Currently complete content is the fuel of b2b. It is as simple as this. No
content, no B2B. Aspect is the world's largest provider of b2b content and
together with Aspect we will have the largest information repository for parts,
products, customers and suppliers starting with the content from Aspect and
Supplybase on over 70 million parts from 100,000 different suppliers.
Content is the core, at the heart of the b2b marketplace which enables many
processes, the first of which is the discover process. The discover process
allows you to ask important questions such as what are my best choices? What are
my ultimate? How do I know what parts to buy? How do I know that parts with
different part numbers are actually the same? Are there any rich suppliers I
should be dealing with? To answer these questions, these marketplaces need a
powerful search engine which supports cross referencing across hundreds of
millions of parts with hundreds of different part numbering schemes as well as
search by ___, fit and function. Aspect is the leader in this technology.
The second value contributed by Aspect is hidden. It's the ability to aggregate
spending because all the divisions of an enterprise are across multiple
enterprises doing business as a marketplace. Enabling companies to have a global
view of what they are buying, enabling marketplaces to have a global view of
what all their partners are buying enables them to work respectively with their
suppliers typically saving as much as 15% in their spending on these goods and
services. In short, Aspect helps them buy the right parts from direct suppliers
at the right price.
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The next step in the b2b world is about collaboration. This is more than simply
sharing e-mails. This is about effectively collaborating with suppliers to
design the right products and get it right the first time. It's about
collaborating with suppliers to leverage their expertise. It's about
collaborating between divisions and between enterprises to share information on
design and operations.
Let's take a simple example of IBM. IBM is both an important partner for i2 and
Aspect. It's also one of the largest customers of both companies. IBM is using
Aspect to manage all of the components that they buy and the suppliers that they
deal with. The Aspect system is used by IBM designers to design the right
products in the fastest possible time frame and by the procurement organization
to leverage trends and make cost reductions to ___. By their own calculations,
IBM has saved more than $500 million over the last four years using this system.
This is the new world of b2b eCommerce in action.
This merger will allow us to incorporate the tremendous functionality into i2's
TradeMatrix solutions reaching all industries. You can see that we are very
excited about having joined with i2 in launching the world's b2b powerhouse.
SANJIV: Thanks Romesh. I'm sure that you all agree that this is a major leap
forward. This merger makes sense for our customers. Romesh and I believe that
this will drive more value for our customers than any b2b solution. This merger
also makes sense for our partners because we're creating an open platform where
we can work with others to create more value.
Equally importantly the merger makes sense for you, our shareholders. In
summary, I think that this is a big deal to create big value in a world of big
opportunities. We are excited to have Romesh and Bob Evans, President and CEO of
Aspect joining our management team and approximately 1,000 more teammates from
Aspect, and from Supplybase to lead the eBusiness revolution. We'll now take
questions.
OPERATOR: Ladies and gentlemen, if you wish to ask a question, please depress
the one on your touch tone phone. You will hear a tone indicating that you have
been placed in queue. You may remove yourself from queue at any time by pressing
the pound key. If you are using a speakerphone, please pick up your handset
before pressing the numbers. Also, due to the time limit and the number of
interested parties asking questions today, we do ask that you limit yourself to
one or two questions during your turn. One moment please for the first question.
RICK SHERLUND: Goldman Sachs. I'm on a plane. I hope you can hear me okay. This
sounds terrific. I wanted to talk a little bit about the integration of the
Aspect product with the i2 product. Secondly, I am curious about the integration
and the relationship Aspect has with Ariba?
SANJIV: Let me take the first part of the question. I'll let Romesh take the
second. As Romesh indicated, we have been partners since Planet. In fact, we
have been partnering even before that on a transactional basis. We've been
integrating our products now for
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almost two quarters. I have also made a lot of progress on integrating our teams
at the team level.
The first availability of an integrated product is scheduled for second quarter
of this year. I'll let Romesh comment on the Ariba relationship.
ROMESH: We've had a relationship with Ariba for several months. We have
integrated our content to ___ capability with the Ariba network and we're in
discussions with them to expand the ___ of integration between the two
solutions.
RICK: The relationship i2 announced on Friday with IBM and Ariba, when would we
anticipate that Aspect will be taking active part in that? Will that be
immediately or will that have to wait until the merger closes?
SANJIV: We talked to IBM last night on a confidential basis. They expressed
extreme excitement. As Romesh mentioned, IBM is one of Aspect's largest
customers. IBM understands the value Aspect's solutions can provide. More
importantly, there is a pre-existing go to market relationship between IBM and
Aspect. We believe this fits like a glove through the announcement that we made
last week. Our discussions with IBM will begin immediately because adding Aspect
to the partnership makes sense and IBM is in agreement with that.
CHUCK PHILLIPS: Morgan Stanley. I was just wondering if given the timing of the
deal, the market seems to be shifting a bit toward more hosted content,
suppliers want to have their own content and are realizing the value of it. Take
an indexing approach rather than let someone else host it, are you seeing that
migration, are more of them migrating towards more of a hosted model? Where are
they in that migration? Are you implicitly saying that you're willing to buy
into that migration and help make it happen with Aspect? Where do you see the
market right now? Is it shifting as you're doing this?
ROMESH: Chuck, let me address that question. The world of content is a large and
complex world and you need to support many different models to make all of the
content available to the users of the marketplace. We feel that a complete
content solution has several key elements to it. It starts with a standard
classification scheme which is sort of like a trading language by which buyers
describe what they want to buy and suppliers describe what they want to sell and
they're able to communicate with each other in a b2b language, which is the
equivalent of English.
It turns out that Aspect has the only standard classification schemes available
to defect materials and these will now become available as far as the
TradeMatrix offering. The second thing is that to the extent that information
can be captured on standard ___ on a reference basis and made available
immediately to suppliers, we already have a large amount of this content and all
of this becomes immediately available.
However, in addition to this it is important for us to provide the ability by
which suppliers can easily publish their own content across multiple
marketplaces. We have
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developed content exchange technology by which they can do just that and this
entire holistic combination of standard classification schemes, referenced
content and this content exchange technology will all be available as a complete
solution as part of the TradeMatrix offering.
CHUCK: Your ability to get third party marketplaces to cooperate with your
content strategy given that your aligned with i2 now, have you had a chance to
talk to some of them and get their reaction? Does that make a difference or not?
ROMESH: Certainly as Sanjiv mentioned in his presentation earlier, our joint ___
is about providing an open content platform. Since many different buyers and
many different suppliers will have to cooperate with each other at many
different marketplaces and not just any given marketplace, we would certainly
hope that all the important partners in this space would see the benefits of an
open content platform and would therefore, join with i2 and Aspect to make this
possible.
GEORGE GILBERT: Credit Suisse First Boston. (No question asked)
BILL LYONS: ING Bearings. Sounds like a great acquisition. For you Romesh,
Aspect was pretty much a Switzerland of b2b eCommerce. It really had
partnerships with Commerce One, SAP, Ariba, IBM, just about everyone who was
developing and setting up some b2b exchanges which were also reselling your
product. What does this do to those partnerships now that Aspect is a part of
i2? How do you go about maintaining and strategizing with these other technology
vendors?
ROMESH: As I mentioned in the answer to the last question, we would hope that
these partners would see the benefits of continuing to support an open
Switzerland-like content platform and putting aside any differences that they
might have in other parts of their product offering. This was ... where you can
cooperate in certain areas and compete in others. Obviously, it remains to be
seen since the announcement has just happened. We are actually hopeful that this
combination will provide the industry standard content platform.
SANJIV: I'd like to represent i2's point of view here. Our view is that we live
in a world where IBM and Dell cooperate and compete. I believe that's more
important in the eBusiness world for people to work on open standards and
explore the capabilities that one another provides. i2 is not scared of overlaps
at all with others and we want to cooperate where we do not have overlap. We
invite all others to continue to work with Aspect Technology and cooperate with
i2 in other fashions. When your job is to create value in the entire eBusiness
ecosystem, then putting together content coming from different sources, putting
together engines coming from different sources and applying them to the right
problem at the right time is the key to value creation.
GEORGE GILBERT: Credit Suisse First Boston. (No question asked)
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CASH RANGAN: Robertson Stephens. I apologize for the quality of the sound.
Calling from a cell phone here. A question on the combined product offering and
the pricing. Much of the discussion seems to be largely centered on providing
the content on the eMarketplace, the TradeMatrix or the private eMarketplaces,
any thoughts on Aspect's core business, the enterprise business and what is the
plan moving forward? Do those customers get a break on upgrading to the
Marketplace solution? What are your thoughts on that?
ROMESH: Let me take that one. As you know, Aspects business has made the
transition from enterprise solutions to b2b marketplace solutions whether these
are private marketplaces or public exchanges. In that context, we would
anticipate that the value proposition that is the combination of i2's offerings
and Aspect's offerings will be even larger than the individual value proposition
that has been proposed. We haven't actually come up with any new pricing
strategy because this is something that we will do in an orderly way over the
next two weeks. I think it is fair to say that customers can expect to receive
dramatically greater value from the combined offering. Hopefully, they'll be
willing to share some of that in terms of the pricing model with i2 and Aspect.
CASH: One quick follow up. With regards to the sales cycles, maybe both i2 and
Aspect can address this. These sales cycles are fairly complex to begin with.
What is going to be the impact on sales cycles when you merge the product
offerings and the sales teams together.
SANJIV: Keep in mind that this is not new to us. Aspect and i2 are already
working together. In fact, one of the drivers for me to contact Romesh was our
field coming and telling us how well they are working with Aspect in the field
and customer response to our joint solution. That is point one.
Point two, i2 is already organized in the field to deliver to customers
solutions in different areas of the business. We offer the broadest services and
software in product development, in design, in collaborating with customers,
collaborating with suppliers, managing a supply team, managing statistics. All
of these require different expertise so that the way we are organized is that we
have account leaders and account teams that manage an account. Then they have
___ teams that provide the expertise in the area that the customer is interested
in.
This merger with Aspect and Supplybase fits right into our selling model. We
actually think it enhances our ability because it now starts opening more doors
into customers and also more doors into emerging b2b portals. An example is the
___ Corporation where Ariba and Aspect got together and signed a letter of
intent to create a ... the rest of i2's TradeMatrix will be a direct fit into
that.
Another example would be myaircraft.com which is a portal that i2 has announced
with ___. This content, discovery and decision support software that Aspect
brings to myaircraft.com absolutely ____. We announced a portal with Toyota,
which is ___exchange.com for supply of automotive parts. Aspect ___ and provide
value added
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absolutely. We will be starting to make those introductions very soon.
Hopefully, you're getting to sense the synergies.
GEORGE GILBERT: I wanted to ask about, first, since closing in June or July
considering how fast this market is moving, might produce some impediments to
realizing the value, at least obviously right away in terms of near term
opportunities. Is there some way to use the existing joint development of
marketing agreement around the product lifecycle management product with i2 to
accelerate other integration activities around the rest of the product line and
other field activities?
ROMESH: Let me address that. As you know, we already have strong agreements,
lasting agreements and reseller agreements in place between i2 and Aspect. Our
plan is to drastically expand the scope of those agreements almost immediately.
By doing that we'll make this expanded offering which combines i2's TradeMatrix
platform with Aspect's decision support software and content available to the
customers of both companies immediately. There will be no need for customers to
wait until June or July when the transaction closes. They will be able to get
the benefits of our combined solution almost immediately across the board. We'll
expand our partnerships beyond what we have today in the design and CLM arenas
to the sourcing arena, to the content arena and the combination of these will be
available immediately.
GEORGE: I want to hone in on a question that has been asked. Specifically, the
Commerce One relationship since that seems to be, it would seem to be logical
now that you design into the Ariba, IBM, i2 blueprint, such a clear opening
there. Has there been any contact with Commerce One to discuss this in advance,
even confidentially last night perhaps to get some feedback from them.
SANJIV: Let me comment on i2's philosophy in such decisions in partnerships and
then Romesh can comment on any ___ effects. TradeMatrix is an open platform, so
IBM for example, in their private marketplace will use TradeMatrix in a
combination with Ariba's industry leading b2b platform. We believe that's
extremely exciting. There will be places for example, in the automotive
marketplace where we wish to be invited because it will provide a lot of value.
That is the actuals in the Commerce One platform. Would i2 be interested in
working with that? Absolutely. That is the open b2b platform that we support and
we get most other support.
Based on this openness, I think there should be a willingness to bring to any
marketplace the best solution. We believe that i2 contributions in the direct
procurement area clearly is the best solution. In the design area, it is clearly
the best solution. In the supply chain correlation area, logistics areas,
clearly it is the best solution. In these areas we invite all market makers,
people who are setting up marketplaces to invite TradeMatrix and it's services
in conjunction with other services they might decide to choose.
GEORGE: That's pretty clear. In other words, just a complimentary set of
services served ala carte?
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SANJIV: That's right.
OPERATOR: Just to let the speakers know, we have reached the 40-minute mark of
today's call.
BALA SRINIVASA: Pacific Growth. Could you talk a little bit about the customer
overlap or lack thereof at this point? I know that you talked about important
joint customers but is there initially an opportunity to go into each other's
existing customer base to sell to traditional i2 and Aspect solutions leaving
the exchange components alone for a second?
ROMESH: I think there is an extraordinary opportunity almost immediately for
each of us to go into the customers of the other to expand the value proposition
that we can deliver to them and expand the range of solutions we can offer to
them. We have about 50 - 75 customers in common today. i2 clearly has hundreds
of customers that could benefit from Aspect's software and content. We will be
putting in place joint plans to take advantage of that. Similarly, Aspect has
180 of the world's largest companies as customers. It will make a great deal of
sense for us to introduce i2 into those customers where they don't already have
a position.
BALA: The second question which you might have just touched upon, can you talk a
little bit about the sales force ramp up? How is this joint solution going to be
handled? Is it going to be a separate product evolvement/procurement oriented
sales organization created? Also, should we initially expect a slowdown in maybe
the growth rate of the Aspect products and then an acceleration later or does
this immediately begin to ramp up your organic growth rate?
ROMESH: I would anticipate that this will immediately begin to accelerate
Aspect's growth rate. The current thinking is that the i2 sales organization
which is much larger than Aspect's sales organization would provide accounts
management and account leadership at all of the accounts which they currently
cover and additional accounts as well. Aspect, of course, has a specialized
sales force that specializes in knowledge of design solutions, solutions for
procurement and of course, solutions for content. The idea would be to marry the
best of both and view the Aspect sales force over time as a specialty sales
force working with i2's account management sales force.
SANJIV: We'll take one last question please.
STEVE COHEN: WIT Soundview. I just wanted to follow on to that. The exact
integration of the sales people, will Aspect people be given i2 products to
sell? Will they be specifically kept to the Aspect product line? Can you talk a
little bit about Supplybase because we've missed that in this entire
conversation?
ROMESH: There are two phases here. The first phase is between now and the
closing which is about three to four months away. Then there is the phase after
the closing. Between now and the closing, each sales force will focus on its
own products and provide opportunities to the other sales forces to sell their
products as well so that both
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companies can see the benefits immediately. Once the closing is completed, the
idea would be to go to the kind of model we talked about earlier with one global
sales organization that has account leadership and a second organization that
provides specialty selling skills for the kinds of products and technologies
that Aspect offers and Supplybase offers.
The same concept applies to Supplybase as well. I think right from the get go,
the Aspect sales force and the i2 sales force will be instrumental in taking the
supply based products to market and short term before the closing is done, we'll
do this to reseller agreements, once the closing is done, obviously the
companies...
SANJIV: Let me make a few comments. We didn't talk enough about Supplybase. I
want to reemphasize that Supplybase brings to this is the capability to provide
superior eProcurement in an area that has otherwise been missed by business to
business solutions which is the procurement of custom and semi-custom parts.
When you design a computer, a car or telecommunications equipment, a fair amount
of the important procurement, the mission critical procurement for a device is
actually of custom and semi-custom parts. What Supplybase adds is the largest
content of parts suppliers, over 100,000 parts suppliers worldwide. What this
allows us to do this is we build the marketplace that uses Supplybase
capability, a customer can look at capabilities of supply that have
pre-qualified, capacities of a supplier for example. More importantly, it brings
the 100,000 suppliers online with TradeMatrix where they're connected with
TradeMatrix to base their data and even to provide their content information to
people designing custom parts.
What I'd like to do is summarize first by making a comment on the integration.
Before closing the companies will work as aggressively as the legal limits allow
to work together and to exploit synergies. After that, of course, we will take
that one step further. The excitement amongst the people when we launch this is
extremely large. As we said, we are bringing together three leaders and creating
the only combination of very strong content, very strong content discoveries and
efficient support solutions. We'll bring to the marketplaces a capability that
has five times the functionality of any other competing solution and 10 times
the value creation capability. We look forward to bringing you more news about
TradeMatrix in the future. Thank you.
OPERATOR: Ladies and gentlemen, this conference will be available for replay
starting today at 1:00 eastern standard time and running through tomorrow at
midnight eastern time. You may access the AT&T Executive Playback Service by
dialing 800-475-6701 and entering the access code of 507993. International
participants should dial 320-365-3844 with the same access code. That concludes
your conference for today. Thank you for your participation and for using the
AT&T Executive Teleconference. You may now disconnect.
12
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Additional Information and Where to find It
i2 Technologies plans to file a Registration Statement on SEC Form S-4 in
connection with the merger, and i2 and Aspect expect to mail a Joint Proxy
Statement/Prospectus to stockholders of i2 and Aspect containing
information about the merger. Investors and security holders are urged to
read the Registration Statement and the Joint Proxy Statement/Prospectus
carefully when they are available. The Registration Statement and the Joint
Proxy Statement/Prospectus will contain important information about i2,
Aspect, the merger and related matters. Investors and security holders
will be able to obtain free copies of these documents through the website
maintained by the U.S. Securities and Exchange Commission at
http://www.sec.gov. Free copies of the Joint Proxy Statement/Prospectus
and these other documents may also be obtained from i2 by directing a
request through the Investors portion of i2's website at http://www.i2.com
or by mail to i2 Technologies, Inc., One i2 Place, 11701 Luna Road, Dallas,
TX 75234, attention: Investor Relations, telephone: (469) 357-1000. Free
copies of the Joint Proxy Statement/Prospectus and these other documents
may also be obtained from Aspect by directing a request through the
Investors Relations portion of Aspect's website at http://www.aspectdv.com
or by mail to Aspect Development, Inc., 1395 Charleston Rd., Mountain View,
CA 94043, attention: Investor Relations, telephone: (650) 428-2700.
In addition to the Registration Statement and the Joint Proxy
Statement/Prospectus, i2 and Aspect file annual, quarterly and special
reports, proxy statements and other information with the Securities and
Exchange Commission. You may read and copy any reports, statements or
other information filed by i2 or Aspect at the SEC public reference rooms
at 450 Fifth Street, N.W., Washington, D.C. 20549 or at any of the SEC's
other public reference rooms in New York, New York and Chicago, Illinois.
Please call the SEC at 1-800-SEC-0330 for further information on the public
reference rooms. i2's and Aspect's filings with the SEC are also available
to the public form commercial document-retrieval services and at the Web
site maintained by the SEC at http://www.sec.gov. Aspect and i2 and their
respective directors, executive officers and certain other members of
management and employees may be soliciting proxies from Aspect stockholders
in favor of the adoption of the merger agreement and from i2 stockholders
in favor of the issuance of i2 stock in the merger. A description of any
interests that Aspect's and i2's directors and executive officers have in
the merger will be available in the Joint Proxy Statement/Prospectus.
