MAPICS Back On Track, But Not Without Restructuring Pains
P.J. Jakovljevic - September 11, 2000

Event Summary

As announced in a press release from August 23, MAPICS, Inc., one of the leading mid-market ERP vendors, announced that it is taking steps to reduce costs through a restructuring plan that includes directing a greater proportion of its resources on the worldwide growth opportunities for its newest extended enterprise solutions for manufacturers. As part of this restructuring, the company has laid off approximately 10% of the workforce dedicated to ERP backbone solutions. The Company said that as a result of the strategic rebalancing, it expects to record a pre-tax restructuring charge of up to $2.0 million, most of which should be recognized in the fourth fiscal quarter which ends September 30, 2000...