I2 Technologies, Inc. (ITWO)
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- JDA Software Buys i2 - Can It Leverage the Opportunity? [view article]
- Wall Street Breakfast: Must-Know News [view article]
- i2 Technologies' Turnaround: Part II [view article]
- i2 Technologies' Turnaround: Part I [view article]
- Large i2 Holder Pressures Company To Sell [view article]
- i2 Still On the Block, But Considering Alternatives [view article]
- Did IBM Software Failure Lead Customer to Bankruptcy? [view article]
loading ...Recent ITWO Articles
- JDA Software Buys i2 - Can It Leverage the Opportunity?
- Wall Street Breakfast: Must-Know News
- Most Volatile Stocks on Earnings
- i2 Technologies' Turnaround: Part II
- i2 Technologies' Turnaround: Part I
- Did IBM Software Failure Lead Customer to Bankruptcy?
- i2 Still On the Block, But Considering Alternatives
- i2 Stuck in Neutral - Next 6 Months Are Critical
- i2 Technologies May Look for Buyer, as EPS Beats Estimates
- Cohen's SAC Capital Boosts Stake in i2 Technologies, Suggests Sale
- Full List of Articles »
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JDA Software Buys i2 - Can It Leverage the Opportunity? [view article]
While Oracle increased their stock price by 12.3% in one year, TJ Maxx's female CEO grew the company 34.5% in one year (from 27.75 per share to 35.99 per share). How much does TJ Maxx's CEO make: 4.0 million per year. How much does Oracle's CEO make: $86.1 million. Again, why did they board of directors let this salary go through? All stockholders should reject the entire board for re-election.Reply
Wall Street Breakfast: Must-Know News [view article]
smaller content on what you buy at the supermarket-the real hidden inflation.when this measure increases you will know the bottom has been hit.i dont think we will everb get the content back.gyps & scams.thats what goldilocks has become. ReplyWall Street Breakfast: Must-Know News [view article]
There is nothing out there to support the proposition that inflation is subsiding or under control, and everything to assure the opposite. The current strengthening of the dollar is clearly a blip that will quickly fade away. Wish it were otherwise, but wishing won't make it so. ReplyWall Street Breakfast: Must-Know News [view article]
re NBC's viewership, 2 billion was tossed around (presumably for the world); still, 34+ million seems such a modest figure. Replyi2 Technologies' Turnaround: Part II [view article]
Quote Mike Berry, i2 CFO... "i2 solutions are second to none and the team implimenting them are second to none as well."Not many people can say that.
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i2 Technologies' Turnaround: Part I [view article]
Amen to what getiright said.Reply
i2 Technologies' Turnaround: Part II [view article]
i2 has $139 millions in cash and $86 millions in debt which eq. to $53 millions cash and no debt.Most importantly, i2's maintenance revenue has shown a 5% growth y/y in q1-2008, 1st time in 10 years.
When a software company turned-around, maintenance revenue growth is the last thing to happen.
i2 has reported 12 consective quarters of profit and has been growing record bookings for the last 2 quarters. Reply
i2 Technologies' Turnaround: Part II [view article]
Many had been hurt by i2's downfall in the past and many will miss its coming back if it's not been acquired in the near future.i2's stock is still in the bottom of a trash bin just don't know when will it start to surge? maybe until enough people know the story.
The buy-out price (if it happens) could have very little to do with today's trading price. Hedge funds know the valuation and are demanding the company to do something to increase shareholders's value.
One particular hedge fund named "AMALGAMATED GADGET LP" aka Q investment based in Fort Worth who holds i2's 2.5% prefer stock has been crying out loud to sell the company at any price. Why? because as long as i2 has a "change in control", Q will be entitled to a 110% payback of its holding of prefer stock, NO MATTER WHAT PRICE I2 IS SOLD FOR, and that's part of the deal of the prefer stock.
Many other hedge funds and i2 shareholders have realized that what's good for Q is not necessarily good for every shareholder.
"AMALGAMATED GADGET LP" aka "Q investment" is said to be run by Geoffrey P. Raynor, a Texas multi-millionaire. Reply
i2 Technologies' Turnaround: Part II [view article]
Better software firms have ZERO long term debt. ITWO has 84.45M according to Yahoo Finance. I hope that i2 can become profitable over the next few years (seems just barely profitable at this point). Perhaps, execution of the SaaS will help margins significantly.My point here, is that profit margin at i2 HAS been low. Going forward, one hopes it to be much higher. TIME will tell. Reply
i2 Technologies' Turnaround: Part I [view article]
4/30/2008 comes and goes.Today is the date i2 and SAP went to court, i2 is suing SAP for infringing 7 of its SCM patends involving about 300 cases/deals.
Can you believe that the Markman hearing is over?
Although we don't know how it went now but we know i2 was well prepared and dead serious about winning this case for several reasons.
1. SAP used the partnership to steal the patented technologies from i2.
2. SAP hired i2 employees who were familiar with the technologies to develop products with similiar capability to compete with i2.
3. SAP bad-mouthed i2 to scare potential customers from buying i2 products products by spreading rumors that i2 will be going out of business.
If wins the case, i2 intends to seek the maximum damage to SAP including court injunction to prohibit SAP from selling its products and servicing its customers together with maximum monetary damage.
i2 do not intend to license its technologies to SAP.
SAP had better be praying hard that i2 do not win the case, otherwise the loss will be devastating. Reply
i2 Technologies' Turnaround: Part I [view article]
By the way... your so called McGrath and his team were McGrath, B. Stinnet and J. Cummings.Stinnet was obviously another corp. hopper, very expensive but very unimpressive in terms of performance. A smooth talker but more like a car saleswoman, as to SCM, I don't think she can have a deep conversation with a client who needed help.
As to J. Cummings, he was the biggest joke. Nobody can stay awake after listening to his presentation for 10 minutes. An i2 shareholder got so pissed and asked McGrath how in the world did the guy get that job.
Thank God the team is all out of i2.
McGrath was a quick cost cutter or so-called a chain-saw and he was more than fairly compensated. The i2 board should have let him go 7 months earlier; in other words, the renewed of his last year contract was a mistake and they had to let him go 5 months before the term ended.
As to the two Wall Street analysts mentioned, you just have to listen to them asking questions at i2 conference calls to realize how clueless these two were. When i2 had a good quarter, they move their target a few bucks higher and vise versa, these people have out-lived their usefulness since i2 is all on fair disclosure.
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i2 Technologies' Turnaround: Part I [view article]
The contribution of McGrath was cutting cost and selling asset to raie money but he did not grow the revenue, and he wasn't spending much time with i2 clients like i2 executives did and do now.It cost almost 12 cents per share per year of i2 earnings to have McGrath, he was paid $1 million plus and he ran over $1 million in charter plane and huge stocks and stock options and all kind of perks you can think of. This man is a typical greed, how can someone ran that kind of tab while the company and all its shareholders were trying to grab a piece of wood just to stay alive?
Some people don't like Chatterjee but this man is very well respected in i2 and in SCM world. He was born in India with a little accent like all foreign born Americans but he's getting a lot better in presiding the earning conference calls.
Some of those American born CEO's are such smooth talkers, they scar me to death. Reply
i2 Technologies' Turnaround: Part I [view article]
In reading your article and looking at your chart it appears i2 had a successful turnaround in motion up to the point they ousted Michael McGrath, not since his departure. i2 stock continues to fall regardless of who is covering it or the thoughts on analysts and unfair practices for reporting.As someone who has partnered and worked closely with i2 for over a decade, the only success since Greg Brady was President occurred during the 29 months when Michael McGrath and his turnaround team were in place at i2. They are the individuals to thank for delivering positive results for i2’s growth, not an individual who is collecting off the coattails of success from their efforts.
Chatterjee has been inside the company since 2000 when he joined as COO. He did not deliver results, changes were made and the board searched for a CEO who had experience to make it happen.
As one of the most respected individuals in the supply chain consulting world, co-founder of PRTM and the father of SCOR, McGrath resided on i2’s board. After a long, extensive, and unsuccessful search for CEO, the board turned to McGrath and asked him to consider becoming the CEO to take on the turnaround. McGrath felt with support from the board and his knowledge in the market he could make a difference and agreed.
He built a management team of key individuals who were respected in the market and they dedicated almost 3 years to restructure, rebuild and restore a sense of stability to i2 resulting in the 11 consecutive quarters of profitability and growth. An impressive badge to earn as the company had significant SEC issues when he stepped in.
He and his team built out a strategy plan based on customer feedback. They listened to their clients and partners. Our partner program was rebuilt. Marketing and development prioritisation was designed around customer and partner input. The focus of McGrath’s team on the client resulted in the delivery of 11 profitable quarters. A successful turnaround. While he was in charge, i2’s stock went from not being listed to being relisted and hitting the mid 20's.
Many realise he and his team were forced out of i2 and the market has responded to the threat of stability which is reflected in i2’s continual stock drop.
To claim Pallab Chatterjee as a success because i2 has experienced a couple of follow on successful quarters since McGrath's release is preposterous. Those who are experienced in covering the enterprise software market recognise it takes 3 to 4 quarters to identify a project and bring it to closure due to the length of building out custom demonstrations, contract negotiations, and hitting the budgeting cycles of companies at the right time. These 2 quarters, and probably the next 2, are results from the momentum of the changes put into affect under McGrath's team. Simply check with i2 clients and partners.
The analysts you mention in your article are top analysts in the software market. They are highly respected by Wall Street, have an accuracy rate which is impressive and they do not make comments based on hearsay. By placing your message on a public post board without having your facts straight on their coverage of i2 is completely unprofessional and not credible.
If you wish to document the facts, you need to do your research in a balanced manner. In the process of developing your article, did you interview McGrath, Cummings, Walravens, or others? Did you stop to review the history of this company? Do you realise that pipeline is usually 3-4 quarters deep and the last 2 quarters are simply a continuation of the successful development created by McGrath and his team?
Your comments on the SAP lawsuit are valid with one exception. The legal action was initiated by McGrath. He was the person to recognise the patent infringement. He took the legal action required which now has set i2 up for significant gains.
McGrath and those he hired to help turnaround the company hold consistent, successful track records outside of i2. They delivered results for i2 only to be thanked by being ousted by the old regime.
Pallab Chatterjee’s track record has not been impressive. His scorecard cannot be measured until you have year over year results to show whether or not he can deliver.
You need to remember that many of us have worked with i2 as clients and partners for almost two decades. We know their politics, their people, and who can and cannot deliver. i2 had a team who was leading them to success. They stopped to listen to us as their customers and partners. Trust was being rebuilt. The listening has stopped and the arrogant approach has returned. Whether this results in continued success is yet to be determined. Reply
Large i2 Holder Pressures Company To Sell [view article]
Eric,Amalgamated is a hedge fund and the sole holder of i2's $107m prefer stock earning 2.5% interest.
Amalgamated will make 10% of that amout if i2 is sold, AT WHATEVER PRICE, and that was one of the term of the prefer stock.
Amalgamated will always be pushing for sale of i2.
I think many of i2's major institution shareholders now realize what's good for Amalgamated is not necessarily good for them.
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i2 Still On the Block, But Considering Alternatives [view article]
www.i2.com/news/releas... Reply