All Stories
Follow
Subscribe to INTERSHOP Communications AG

INTERSHOP Communications AG

ots Ad hoc-Service: INTERSHOP Communications <DE0006227002> Intershop Initiates Global Restructuring - Company Streamlines Operations to Accelerate Return to Profitability

San Francisco/Hamburg (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Intershop
Communications AG (NASDAQ: ISHP; Neuer Markt: ISH), a leading
provider of e-business software, today announced the first phase of a
global reorganization, effective immediately, with the elimination of
approximately 80 positions within its US-based organization. This
number represents approximately 30 percent of the company's U.S.-
based workforce. Several global functions will be consolidated to
streamline operations and enable the US organization to focus on
expanding domestic sales, consulting and other revenue-generating
activities.
More details of the global reorganization will be disclosed on
January 31, 2001, when Intershop will report its complete and final
financial results for the fourth quarter and full fiscal year 2000.
"We are determined to create global efficiencies and accelerate
return to profitability," said Stephan Schambach, CEO of Intershop.
The U.S. market is an integral part of our global growth strategy,
and this reorganization will enable us to better target enterprise
sales, gain greater penetration in key markets and expand our network
of strategic partners."
This press release may contain forward-looking statements
regarding future events or the future financial and operational
performance of Intershop. Actual events or performance may differ
materially from those contained or implied in such forward-looking
statements. Risks and uncertainties that could lead to such
difference could include, among other things: Intershop's limited
operating history, the unpredictability of future revenues and
expenses and potential fluctuations in revenues and operating
results, consumer trends, the level of competition, seasonality, the
timing and success of international expansion efforts, risks related
to electronic security, possible governmental regulation, and the
ability to manage a rapidly growing business. Additional information
regarding factors that potentially could affect Intershop's business,
financial condition and operating results is included in Intershop's
filings with the Securities and Exchange Commission, including in the
prospectus dated September 28, 2000, relating to Intershop's public
offering of common stock.
European Investor Relations Contact: Dr. John Lange Phone
+49-40-23709-128/-137  Investorrelations@intershop.de
U.S. Investor Relations Contact: Amy Shoffner Phone
+1-415-844-1555  a.shoffner@intershop.com
End of message
Internet: http://recherche.newsaktuell.de

Original content of: INTERSHOP Communications AG, transmitted by news aktuell

More stories: INTERSHOP Communications AG
More stories: INTERSHOP Communications AG