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EXHIBIT 99.1
CONTACT: Dave Dohrmann, Investor Relations Charlie Osenbaugh, CEO
Sagent Paula McGee, Investor Relations
650.815.3278 Timeline, Inc.
[email protected] 206.448.1996 / 425.822.3140
SAGENT AND TIMELINE SETTLE PATENT-INFRINGEMENT CASE
MOUNTAIN VIEW, CALIF. AND BELLEVUE, WASH.--DECEMBER 4, 2000--Sagent (Nasdaq:
SGNT), a leading provider of Real-time e-Business Intelligence solutions, and
Timeline, Inc. (OTCBB: TMLN), a data management and reporting technology firm,
today announced that the companies have amicably resolved the pending
patent-infringement lawsuit. The companies reached a settlement based on
mutually satisfactory terms that dismiss the outstanding litigation of the
patent-related lawsuit originally filed last year by Timeline against Sagent.
ABOUT TIMELINE, INC.
Timeline develops, markets and supports proven, Microsoft Windows-based
financial management reporting software suitable for complex applications such
as those found in medium to large, multinational corporations. Timeline Analyst
was developed for Windows, Office and Windows NT and takes full advantage of
Microsoft's latest operating systems. Timeline can be reached at 800.342.3365 or
on the Web at www.timeline.com.
ABOUT SAGENT
Sagent powers more than 1,300 customer-driven organizations worldwide with an
open, scalable analytic solution that addresses the development, production and
ongoing management of a company's business data. Sagent allows businesses to
collect and analyze customer and operational data from existing systems and to
incorporate the most current geographic, business-to-business and demographic
information in real time via the Web to create precise one-to-one marketing
campaigns, identify profitable sales opportunities, and improve operational
efficiencies.
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Sagent is a registered trademark of Sagent. All other trademarks are the
property of their respective owners.
SAFE HARBOR
The foregoing paragraphs include forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements involve risks and
uncertainties. For such statements, each company claims the protection of the
safe harbor for forward-looking statements under the Private Securities
Litigation Reform Act of 1995. Factors that could cause actual results to differ
from those contained in the forward-looking statements include, among others,
the ability of the parties to attract and retain a broad range of purchasers,
suppliers and trading partners, the parties' ability to successfully deliver a
joint solution to customers, the anticipation of the growth of certain market
segments, the positioning of the parties' products in those segments, the
competitive environment in the software industry, dependence on other products,
changes to operating systems and product strategy by vendors of operating
systems, and the importance of new products. For a discussion of these and other
risk factors that could affect the parties' businesses, see "Risk Factors" in
each party's filings with the Securities and Exchange Commission, including its
annual report on Form 10-K for the year ended December 31, 1999, and its
quarterly report on Form 10-Q for the quarter ended September 30, 2000.
