On May 3, analysts suggested that Dutch business applications maker Baan faces a takeover bid or a break-up, after the latest tumble in the troubled firm's stock price. Earlier, on April 20, the struggling vendor reported its seventh consecutive quarterly loss, with a first-quarter figure worse than a year ago despite gains from divestments.
of another software unit, Meta4, mitigated this year's figure. Total revenues sagged to $106 million from $176 million, while license revenue slid to $27 million from $65 million. At least, total costs of revenues and operating expenses fell to $181 million from $202 million. Baan began this quarter by addressing several key challenges, including the departure of our then CEO and CFO in early January - obviously this was not a representative quarter for Baan, said Interim Chief Executive Officer Pierre