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Technology Stocks : i2 Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Rob C. who wrote (2068)	10/18/2001 4:12:27 AM
From: TomHighsmith	Respond to of 2339

POSCO Goes Live With i2 Supply Chain Management Solution; Project is Largest i2 Metals Implementation Ever October 17, 2001 7:36:00 PM ET DALLAS--(BUSINESS WIRE)--Oct. 17, 2001--i2 Technologies, Inc. ITWO, the leading provider of dynamic value chain solutions, today announced that Pohang Iron and Steel Company (POSCO), based in Seoul, Korea and one of the world's largest steel companies, has gone live with 11 modules of the i2 Supply Chain Management solution as a part of POSCO's PI (Process Innovation) project. The implementation comprises the largest number of modules installed in one steel company in i2's history. The installation was part of a larger project in which the i2 software was acting as the catalyst for POSCO's business process improvements. Starting with demand collaboration and supply planning, and extending through demand fulfillment, transportation planning and customer relationship management, the i2 solution is designed to add substantial value. According to POSCO, the company expects to realize a rapid return on investment as a result of using i2 solutions. "We are pleased to announce the simultaneous go-live of the 11 modules of the i2 solution, many with multiple installations," said Kyeong-Ryul Ryoo, CIO, POSCO. "We expect to achieve significant business benefits. With i2 SCM, POSCO expects to shorten the production and sales planning lead time and Available To Promise (ATP) notification considerably. Furthermore, POSCO expects to raise its delivery ratio. The performance of the implementation members of POSCO and i2 was that of a 'Dream Team'. POSCO truly appreciates the sincere effort made by i2." "POSCO is recognized as one of the world leaders in steel," said Dian Jen, i2 vice president, Asia Metals Marketing. "While i2 has a long history in the metals industry, this was by far our most extensive and challenging project to date. Everyone involved with the implementation feels a true sense of accomplishment; we are proud and privileged to have been part of this "Big Bang" initiative. The success of the implementation was based on trust and respect between i2, POSCO and additional participating partners throughout the PI Project. We are appreciative of that teamwork and are prepared to take the partnership further as POSCO marches boldly into the 21st Century." About i2 i2 is creating real value for its global e-business customers through its i2 solutions, content and marketplace platform. i2 allows businesses to create both private and public marketplaces, while improving the efficiencies of all participants. i2 provides a wide variety of collaborative e-business services for both the early stages and next generation of e-business adoption, with each service supported by decision optimization, transaction management and content management solutions. Founded in 1988, i2's mission is to deliver $75 billion in value to its customers by 2005. i2 is headquartered in Dallas, TX, and maintains offices worldwide. Visit i2's Web site at www.i2.com. i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc. About POSCO Pohang Iron & Steel Co. is a steel producer with more than 26.5 million tons of crude steel and stainless steel produced in 1999. The Company is the largest and only fully integrated steel producer in Korea. It manufactures and sells a broad line of steel products, including hot-rolled and cold-rolled products, plates, wire rods, silicon steel sheets and stainless steel products. Other products include lower value-added semi-finished products such as pig iron, billets, blooms and slabs. i2 Cautionary Language This press release may contain forward-looking statements that involve risks and uncertainties including forward looking statements regarding the customer's ability to implement i2 solutions successfully and in a timely fashion or to achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Form 10-K/A filed August 7, 2001 and Form 10-Q/A filed August 7, 2001. i2 assumes no obligation to update the forward-looking information contained in this news release. Contact Information: i2 Technologies, Inc., Dallas Beth Elkin, 469/357-4225 beth_elkin@i2.com © 2001 BusinessWire