| Business Summary | | System
Software
Associates,
Inc.
currently
operates
as
a
debtor-in-possession
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
On
May
3,
2000,
the
Company
entered
into
a
definitive
Asset
Purchase
Agreement
with
Gores
Technology
Group
(Gores)
providing
for
the
sale
by
the
Company
of
substantially
all
of
its
assets
to
a
newly-formed
subsidiary
of
Gores
for
cash
and
25%
of
the
common
stock
of
the
newly-formed
subsidiary.
Prior
to
this
transaction,
the
Company
was
a
global
systems
solution
provider
and
developer
of
enterprise
resource
planning
(ERP)
software
for
companies
ranging
in
size
from
$50
million
to
multibillion
dollar
global
100
corporations.
The
Company
provided
customers
with
a
comprehensive
ERP
system
and
services
as
well
as
third-party
"best
of
breed"
products
that
include
customer
relationship
management,
supply
chain
management,
business
intelligence
and
e-commerce
solutions,
which
were
designed
to
address
its
customers'
enterprise
application
requirements. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | System
Software
Associates
operates
as
a
debtor-in-possession
under
Chapter
11.
Formerly,
the
Company
was
a
global
systems
solution
provider
and
developer
of
enterprise
resource
planning
software.
For
the
six
months
ended
4/00,
revenues
fell
41%
to
$104.2
million.
Net
loss
applicable
to
Common
totalled
$92.3
million,
up
from
$13.1
million.
Revenues
reflect
lower
volume
of
available
service
work.
Higher
loss
reflects
a
provision
for
write-down
of
assets
held
for
sale. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Robert Carpenter, 45 Chairman
and CEO | $668K | Chuck Biebighauser, 53 Sr.
VP, Global Services and Marketing | -- | Joseph Skadra, 58 VP
Fin. and Controller | 333K | Lorraine Fenton, 54 VP-Research
and Devel. | 468K | William Weaver, Jr., 65 Assistant
Sec. | -- | Dollar amounts are as of 31-Oct-1999 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
|
|