Mercator Software, formerly known as TSI International Software, reported higher than forecasted marketing expenses, a new CFO, and missed their earnings estimate by 4 cents a share (predictions were 8 cents a share). Despite the resultant sharp drop in market capitalization, Mercator’s capabilities in the areas of XML and enterprise application integration are still solid.
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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. Mercator is attempting to put a positive light on the change in management. According to Connie Galley, president and chief executive officer of Mercator, I am extremely pleased to welcome Kevin as a key member of