We believe that spending in this area can only be delayed and that industry leaders will drive growth by adopting these solutions and demonstrating their value in the marketplace, which will gradually break the less virtuous circle in which we may be heading. The Company attributed the disappointing quarter to unexpected deferrals of deals in the last week of the quarter. Oracle maintained that the slowdown was primarily in the United States, as sales in Europe and Asia Pacific remain strong. Peugeot announced preliminary intentions to join Covisint as an equity partner. FreeMarkets announced that it has signed a new agreement with DuPont Global Sourcing to provide the global science company with access to its B2B Global Marketplace.
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