| Business Summary | | Momentum
Business
Applications
Inc.
was
established
by
PeopleSoft,
Inc.
(PeopleSoft)
to
select
and
develop
certain
e-business
products,
analytic
applications
and
industry-specific
application
products,
and
to
commercialize
such
products,
most
likely
through
licensing
to
PeopleSoft.
As
of
the
end
of
Fiscal
2001,
Momentum
was
collaborating
with
PeopleSoft
on
a
total
of
23
different
product
development
projects.
Five
of
these
projects
were
completed
during
Fiscal
2001,
and
PeopleSoft
exercised
their
option
to
license
the
products
developed
pursuant
to
these
projects.
The
remaining
18
ongoing
projects
include
a
suite
of
analytic
applications
that
encompass
several
individual
software
modules
and
workbenches,
certain
industry-specific
applications
targeted
primarily
at
services
industries
including
professional
services,
staffing,
and
engineering,
a
suite
of
CRM
products,
and
a
number
of
e-business
applications
that
will
be
integrated
with
PeopleSoft's
ERP
backbone. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Momentum
Business
Applications
was
created
by
PeopleSoft
in
1998
to
select,
develop
and
commercialize
software
products
in
the
following
three
areas:
Analytic
applications;
Industry
specific
applications;
and
E-Business
applications.
For
the
fiscal
year
ended
4/30/01,
revenues
totaled
$6.5
million,
up
from
$563
thousand.
Net
loss
totaled
$116.3
million,
up
from
$42.1
million.
Results
reflect
increased
revenues
from
PeopleSoft,
offset
by
increased
development
costs. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
448;
after
tax
earnings
were
-28,993. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Ronald Codd, 45 Chairman,
Pres, CEO, Chief Financial Officer, Sec. | $212K | Dollar
amounts are as of 30-Apr-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|