i sold last q and thought i missed some of the upside but maybe not...
I2 Tech drops following Q4 miss, analyst downgrades (ITWO) By Tomi Kilgore
NEW YORK (CBS.MW) - I2 Technologies (ITWO) slumped 51 cents, or 23 percent, to $1.69, on volume that was more than 4-times the full-day average, after Wall Street analysts downgraded the supply chain management software company following disappointing fourth-quarter results. Bear Stearns cut its rating to "underperform" from "peer perform," citing expectations of continued cash burn and a lack of clarity on license growth. Southwest Securities lowered its rating to "sell" from "neutral," citing disappointing quarterly bookings, pending lawsuits and the overhang of a regulatory investigation. Late Tuesday, the company reported a net loss of $7 million, or 2 cents a share, on revenue of $97.7 million, vs. a year-earlier profit of 3 cents a share and revenue of $168.9 million. The results fell short of the average analyst forecasts of a profit of 2 cents a share and revenue of $118.2 million, according to Reuters Research. |
