i2 Bleeds In Shark-Infested Waters
Steve McVey - May 8, 2001

Event Summary

i2 Technologies deflated investor confidence last month when it announced lower than expected first quarter earnings. The once infallible vendor of supply chain management solutions warned the Street that pro forma earnings would miss the projected $0.04 per share by two cents. License revenues of $211.1 million fell from an all-time high of $244 million in the fourth quarter of 2000 while services revenue edged slightly upward to $145.4 million from $134 million in the fourth quarter. Overall, revenues declined by less than 6%, not a bad showing considering the mass extinction of many of its smaller e-business software rivals. Still, the drop in license revenues is a first for i2, which has enjoyed nothing but increases throughout its operating history...