Business Services Industry
Loss Widens at Farmers Branch, Texas-Based i2 Technologies; More Cuts Eyed.
Knight Ridder/Tribune Business News, July, 2001
By Leah Beth Ward, The Dallas Morning News Knight Ridder/Tribune Business News
Jul. 19--I2 Technologies Inc. said Wednesday it suffered a wide second-quarter loss and that more cost cutting could be ahead.
The Farmers Branch-based software company lost $2.08 a share, compared with a loss of 83 cents for the second quarter last year. The total loss was $860.9 million. Sales were roughly flat at $241 million compared with $242.6 million.
"Our results reflect the very difficult market conditions we faced in the second quarter, and we have initiated plans to help us deal with these conditions more effectively," said Greg Brady, chief executive officer.
The results were consistent with the company's preliminary announcement on July...
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