Mercator Continues to Suffer Turmoil - Can They Stay on the Map?
M. Reed - January 9, 2001

Event Summary

In August 2000, TEC examined the fate of Mercator Software (NASDAQ: MCTR). See EAI Vendor Mercator Drops to a Lower Place on the Map for complete details). The vendor missed their second quarter earnings estimate by 4 cents a share (predictions were 8 cents a share), and dropped 54 percent in value. Estimates showed the stock at $24.75. The company reported higher than forecasted marketing expenses for Q2, and the fact that Ira Gerard, the CFO, was stepping down due to health reasons...