Thursday, November 01, 2007

i2 forms committee for possible sellout

i2 announced today that it has formed a committee of independent directors to explore options for increasing shareholder value.

The market is reacting favorably to the news of i2's exploration of a possible sale. Share price is up over 5% from yesterday's close as of this writing. i2 also announced an increase in its Q3 earnings, which may have something to do with the market's reaction.

I would note however, that the earnings increase is from a 9% decline in expenses which more than offset a 7% decline in revenue--not a good sign for i2's business.

Related posts
Pro-sellout shareholder of i2 elects second board member
Major i2 shareholder calls for sale of i2

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