The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Diversified Services > Miscellaneous Business Services > Scient Corporation

Scient Corporation
Nasdaq: SCNT
Change
symbol:
     
 NEWS FROM THE WIRES
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
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
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
Razorfish, Inc. (RAZF)
Sapient Corporation (SAPE)
iXL Enterprises, Inc. (IIXL)

 DEALS
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
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

 STOCK ANALYSIS
 View by:
 Day 
 Day 
 Month 
 Month 
 Year 
 Year 
FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
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
• Robert M. Howe
    CEO
• William H. Kurtz
    CFO

 CONTACT INFO
The Landmark
San Francisco, CA 94105
US
Phone: 415-498-3100
Fax: 415-498-3199
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001