Key Developments For Art Technology Group Inc
Art Technology Group Inc (ARTG.O) (Consolidated Issue listed on NASDAQ Global Market)
Art Technology Group, Inc. Issues Q4 2009 Outlook In Line With Analysts' Estimates-Conference Call
Art Technology Group, Inc. announced that for the fourth quarter of 2009, it expects total revenue to be in the range of $45 to $48 million, non-GAAP net income to be in the range of $6 to $8 million, or $0.04 to $0.06 per diluted share. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $0.05 and net income of $7 million on revenue of $46 million for the same period.
Art Technology Group, Inc. Announces New Stock Repurchase Program
Art Technology Group, Inc. announced that it has approved a new stock repurchase program that authorizes the repurchase of up to $25 million of the Company's common stock. This new authorization is in addition to the remaining $3.9 million under the Company's existing $20 million repurchase program authorized in April of 2007. The stock repurchase program authorizes the Company to repurchase shares, in the open market or privately negotiated transactions, at times and prices considered appropriate by the Company depending upon prevailing market conditions and other corporate considerations. As of October 27, 2009, the Company had approximately 127.0 million shares outstanding.
Art Technology Group, Inc. Expands e-Commerce On Demand Offerings With Complete Partner Solutions For Mid-Sized Companies
Art Technology Group, Inc. announced that it is teaming with partners to offer full-service, on demand e-commerce solutions geared specifically for mid-sized companies. In collaboration with Art Technology Group, Inc., these partners are offering hosting services, operations support, and business services - including strategy, creative design, marketing, implementation merchandising, and fulfillment - all tightly integrated with the ATG Commerce platform and tuned to meet the specific commerce needs of mid-sized businesses. With this combination of offerings and services, ATG and its partners are able to deliver commerce platform for mid-sized companies. These solutions allow ATG customers to focus on growing their business, while Art Technology Group, Inc. and its partners manage the technology and provide ongoing business support and guidance.
Stibo Systems Announces Strategic Partnership With Art Technology Group, Inc.
Stibo Systems, a master data management software company, announced that it has formed a strategic partnership with Art Technology Group, Inc. The partnership is designed to help joint Stibo and ATG customers to better solve their information supply chain challenges.
T-Mobile Launches e-Commerce Site In Czech Republic Using Art Technology Group, Inc.'s ATG Commerce Suite
Art Technology Group, Inc. announced that T-Mobile Czech Republic has deployed the ATG Commerce Suite to support its e-business initiative, focused upon improving the online user experience and service to their customers. The project includes the creation of a new eShop, which delivers a personalised customer shopping experience, supporting the sale of handsets, contracts and services. T-Mobile has also integrated the ATG Commerce Suite with its customer contact centre, where customer service representatives process orders using the Company's personalisation capabilities, delivering recommendations on upgrades and special offers to customers.
