In response to its revenue shortfall, QAD is now indicating it will undergo a round of cost cutting. This matches what I heard informally over the weekend, that QAD had already given notice to some employees.
Some analysts are anticipating that QAD may now be a candidate for a takeover. There has been such speculation before, but I've never given it much credence, mainly because 66% of the outstanding shares are currently in the hands of insiders, mostly owned by the Pam and Carl Lopker, who founded the company and continue to run it. Of course, if they ever decided to do something else with their lives, that could change.
For details on QAD's revenue shortfall, just scroll down to my previous post.
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