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Home > Company Index > Diversified Services > Miscellaneous Business Services > Scient Corporation
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Scient Corporation |
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NEWS FROM THE WIRES |
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Internet M&A sags in July, may rebound in Sept. Aug 01 2001 11:20 AM PDT
Scient and iXL to merge in all-stock deal Jul 31 2001 05:15 AM PDT
U.S. technology stocks hold gains, blue chips falter Jul 19 2001 12:22 PM PDT
> More WIRE STORIES about this company
NEWS FROM THE STANDARD |
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Viant Reports 2nd-Quarter Loss
Aug 07 2001 12:03 PM PDT
Scient/iXL Combination Still Faces Tough Going
Aug 03 2001 11:35 AM PDT
Dot-Com Deaths May Be Tailing Off
Aug 01 2001 03:21 PM PDT
Scient and iXL to Merge
Jul 31 2001 04:54 PM PDT
Consumers Just Keep Consuming
Jul 31 2001 09:39 AM PDT
PROFILE |
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Scient helps put your URL to work. The company provides Internet and technology consulting services, from designing Web sites to developing e-commerce applications. It also helps clients integrate emerging technology into existing business systems and offers system maintenance, security management, and technology upgrade assistance. Scient operates through 12 offices in Asia, Europe, and the US. Its clients include AT&T, J.P. Morgan Chase, and Major League Baseball. The firm, which announced late in 2000 that it would lay off approximately 460 people (25% of its workforce), increased that number substantially in 2001. It also agreed to merge with rival iXL Enterprises. Founder Eric Greenberg, who also started rhyming rival Viant, owns almost 14% of the company.
COMPETITION |
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Razorfish, Inc. (RAZF)
Sapient Corporation (SAPE)
iXL Enterprises, Inc. (IIXL)
DEALS |
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Deal: Scient and iXL Enterprises Merge
Date Announced: 07.31.01
Value of transaction (US $Mil): Not Disclosed
Description: The two consulting firms will become subsidiaries of a new parent company that will operate under the Scient name. The all-stock transaction allows shareholders of Scient to receive 0.31 shares of the new company for every share held, likewise, shareholders of iXL get 0.25 shares.
TRACKERS |
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May 17, 2001 - LAYOFF TRACKER
175 laid off
Description: Laying off employees as part of its restructuring efforts previously announced in April.
Apr. 11, 2001 - LAYOFF TRACKER
675 laid off
Description: Laying off employees due to clients' lowered IT spending. May also cut 175 more positions over the next few months. Moving its headquarters from San Francisco to New York and closing its Los Angeles and New Jersey offices. Reducing its San Francisco, Boston and Chicago locations to small sales offices. Cuts represent approximately 60% of its workforce.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2001 Sales (mil.): 300.20
1-Yr. Sales Growth: 92.8%
Employees: 1,180
Revenue per employee: $254,406.78
KEY PEOPLE |
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Robert M. Howe
CEO
William H. Kurtz
CFO
CONTACT INFO |
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The Landmark
San Francisco, CA 94105
US
Phone: 415-498-3100
Fax: 415-498-3199
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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