LISA
02.04.2001, 14:58
Monday April 2, 8:02 am Eastern Time
I2 Lowers Forecast, May Cut Jobs
DALLAS (Reuters) - i2 Technologies Inc. (NasdaqNM:ITWO - news), which makes software
for business-to-business commerce, said on Monday it may cut about 10 percent of its
6,100-employee work force and lowered its first-quarter earnings estimate, citing customers that are delaying purchases because
of economic uncertainty.
The company said it expects first-quarter earnings, excluding special items, of 2 cents per diluted share, down from 4 cents a year
earlier. The estimate is based on anticipated revenues of $355 million, up from $186 million a year ago.
``Our previous guidance for 2001 was based on the extremely high demand we saw last year,'' Chief Financial Officer Bill
Beecher said in a statement. ``Given the current economic environment and the associated decrease in revenue visibility, the
company is reassessing its guidance for 2001 and is planning to take measures to reduce its cost structure by five to ten percent.''
The cost-cutting measures may involve reductions of approximately 10 percent of i2's employees. As a result, the company
expects to take a restructuring charge in the second quarter.
Shares of i2 Technologies closed at $14-1/2 in Nasdaq trading on Friday. The stock's 52-week range is $12-9/16 to $99-7/16.
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.... ohne Kommentar.
Übrigens, American Express hat vor etwa einer Stunde auch gewarnt.
Take care.
Lisa
I2 Lowers Forecast, May Cut Jobs
DALLAS (Reuters) - i2 Technologies Inc. (NasdaqNM:ITWO - news), which makes software
for business-to-business commerce, said on Monday it may cut about 10 percent of its
6,100-employee work force and lowered its first-quarter earnings estimate, citing customers that are delaying purchases because
of economic uncertainty.
The company said it expects first-quarter earnings, excluding special items, of 2 cents per diluted share, down from 4 cents a year
earlier. The estimate is based on anticipated revenues of $355 million, up from $186 million a year ago.
``Our previous guidance for 2001 was based on the extremely high demand we saw last year,'' Chief Financial Officer Bill
Beecher said in a statement. ``Given the current economic environment and the associated decrease in revenue visibility, the
company is reassessing its guidance for 2001 and is planning to take measures to reduce its cost structure by five to ten percent.''
The cost-cutting measures may involve reductions of approximately 10 percent of i2's employees. As a result, the company
expects to take a restructuring charge in the second quarter.
Shares of i2 Technologies closed at $14-1/2 in Nasdaq trading on Friday. The stock's 52-week range is $12-9/16 to $99-7/16.
---------------
.... ohne Kommentar.
Übrigens, American Express hat vor etwa einer Stunde auch gewarnt.
Take care.
Lisa