Is Baan Clinically Dead?
P.J. Jakovljevic - January 20, 2000

Event Summary

On January 4, 2000 Baan, Europe's No. 2 business software company, sank deeper into trouble as its CEO resigned and it forecast a fourth quarter loss of $240 million to $250 million after restructuring. Its shares plunged over 30 percent as analysts cut recommendations on the loss-making vendor, which has yet to name a replacement for Mary Coleman, who is returning to her Silicon Valley home after taking charge only last May. Baan had reported a fifth consecutive quarterly loss in the third quarter, but in November had given a more upbeat earnings outlook. Some analysts had seen it bouncing back from a software-spending freeze in last year's millennium bug preparations...