Baan Posts $236 Million Loss and Sells Off Coda for Nearly $40M Less Than It Paid
P.J. Jakovljevic - February 25, 2000

Event Summary

On February 3, Baan Co. posted a fourth-quarter loss of $236 million, in line with the profit warning that the Dutch business software giant issued last month. The loss compares to a loss of $295 million in the same period of 1998. On a per-share basis, the company lost $1.06, compared to a loss of $1.45 in the same period of 1998. On a more positive note, the company posted a 92 percent jump in license revenues in the fourth quarter to $49 million vs. $25.6 million in the same period of 1998...