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SAPped Catalyst Warns in Wake of CEO Departure
Steve McVey - May 3, 2001

Event Summary

Catalyst International, a fixture in the warehouse management system software industry, warned investors that it would report a first quarter loss of $0.53-0.60 per share. The company cited four factors behind the results: a weaker global economy, longer sales cycles across targeted vertical markets, lower margins resulting from competition, and customers opting for outsourced solutions. The announcement comes less than one month after President and CEO Sean McGowan resigned from the company...


 
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