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Technology Stocks : i2 Technologies

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To: Trader Dave who wrote (1824)	1/9/2001 1:42:44 PM
From: bob zagorin	Read Replies (1) of 2339

RESEARCH ALERT-Salomon upgrades i2 Tech NEW YORK, Jan 9 (Reuters) - Salomon Smith Barney said on Tuesday it upgraded supply-chain management software maker i2 Technologies Inc. to buy from outperform based on strong fundamentals and valuation. The stock was up $1-11/16 to $43-5/8 in busy early trade. The firm expected i2 to exceed its fourth-quarter revenue estimate of $351 million by at least 5.5 percent, translating to about 2 cents to 3 cents per share upside to its 7 cents per share estimate. On Monday i2 said its fourth-quarter revenues were seen in excess of $370 million, beating the Wall Street estimate of $342 million. Salomon said information technology spending in 2001 would be cut back, but not across the board, with software spending actually increasing. "i2 is one of the few companies we believe is well-positioned for 2001 given the gloomy projections for IT spending," said Salomon analyst Gretchen Teagarden in a research note.

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