EAI Vendor Mercator Drops to a Lower Place on the Map
M. Reed - August 4, 2000

Event Summary

Mercator Software, formerly known as TSI International Software, missed their earnings estimate by 4 cents a share (predictions were 8 cents a share), and dropped 54 percent in value in early market trading. Latest estimates showed the stock at $24.75, which is a 60.5 percent drop from their prior market capitalization. The company reported higher than forecasted marketing expenses, and the fact that Ira Gerard, the CFO, was stepping down due to health reasons. Kevin McKay, former chief executive officer of SAP America, will take over as executive vice president, CFO, secretary, and treasurer...