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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (88290)	6/28/2002 4:36:44 PM
From: thesilenttype	Read Replies (2) \| Respond to of 99280

Last quarter PSFT warned April 1st,after the quarter ended I believe.They ain't out of the woods yet.

To: 16yearcycle who wrote (88290)	6/28/2002 5:47:39 PM
From: augieboo	Read Replies (1) \| Respond to of 99280

Eugene --> i2 shares plummet on earnings fears NEW YORK, June 28 (Reuters) - Shares of business-to-business software maker i2 Technologies Inc. (NasdaqNM:ITWO - News) dropped 27 percent Friday on fears the company will soon warn that it will not meet expected quarterly projections after a rival reported lackluster results, an analyst said. ADVERTISEMENT Shares of i2 were off 56 cents, to $1.49 in late afternoon trading on the Nasdaq, approaching the all-time low of $1.42 they hit on Wednesday. Shares of i2 once traded above $111 at the height of the technology boom in March 2000. "(Investors) think they'll be one of the top suspects to fall next week," Friedman, Billings, Ramsey analyst Daniel Ives said. After the close of the market Thursday, rival Manugistics Group Inc. (NasdaqNM:MANU - News) reported a first-quarter operating loss in line with a revised outlook that had warned of a wider loss than initially projected. "i2 is its main competitor," Ives said. "So i2 is going to be one of the main stocks that are going to be affected by the disappointing numbers of Manu." Manugistics' fiscal first quarter ended May 31 and the company shortly after warned of the impending disappointing news. I2, whose second quarter ends June 30, has not issued a warning and investors are fearful the company will also be forced to revise its outlook downward, Ives said. Dallas-based i2 has been hard hit because its traditional customer base, the technology sector, is in the doldrums. In addition, i2 has relied on "elephant-like deals," Ives said, referring to sales over a million dollars. However, with the slowdown in the economy, corporate customers are reluctant to make large purchases, preferring, for example, small projects at the department level to companywide undertakings. "Even though (i2) has tried to transition to smaller deals," Ives said, "it's been extremely difficult to do because the sales force has been trained that seven-figure deals were the norm.