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Technology Stocks : i2 Technologies
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To: Mohan Marette who wrote (1110)1/21/1999 9:39:00 PM
From: orkrious  Read Replies (1) of 2339
 
Here's what thestreet.com said.

thestreet.com

For personal use only. Copyright thestreet.com.

Supply-chain management software developer i2 (ITWO:Nasdaq) met expectations with earnings of 12 cents a share in the fourth quarter ended Dec. 31. But the surprise came with a blowout in top-line revenue, some analysts said.

"They had excellent numbers and beat our top-line revenue by $11 million," said Credit Suisse First Boston analyst George Gilbert. Gilbert's firm has no underwriting relationship with i2 but his previous employer, Deutsche Morgan Grenfell, helped take the company public. Gilbert predicted total revenue of $101.8 million, and i2 delivered $112.7, he said.

The company's conference call to investors and analysts was also upbeat. Unlike many other software companies, i2 did not caution about future earnings potentially being affected by worldwide economic jitters and fears of a slowdown in capital spending as companies focus on fixing Year 2000 bugs.

After such a solid performance, one analyst said he expected Wall Street to revise i2's estimates higher in coming days.

Shares of i2 ended regular trading hours down 1 7/8 at 27 1/2. After hours, the stock rose as high as 28 1/4 with a block trade at 27 5/8, said the aforementioned Houston at Mr. Stock.com.

Jay
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