SHARON T.

Large i2 Holder Pressures Company To Sell

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.