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.
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