Epoch Partners Issues Research Note on i2 Technologies

1Q Results: End of an Era



Apr 19, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 19 /PRNewswire/ -- Mark Verbeck, Senior Analyst,
 Software with Epoch Partners today issued a Research Note on i2 Technologies
 (Nasdaq:   ITWO) 1Q results. The following are key highlights included in the
 Research Note, which can be accessed in its full form at the Epoch Web site
 (www.epoch.com):
 
     -- i2 reported full 1Q results in-line with its pre-released numbers.
        A difficult environment weighed on results, as sales to new customers
        decreased to an all-time low of 26%.
     -- The remaining backlog from three large transactions announced last year
        masked this quarter's difficulties. With this backlog exhausted and
        high expenses, the company is expected to report pro-forma losses for
        the next two quarters, with a return to profitability in 4Q. These
        would mark the first losses since the company went public in 1996.
     -- New product strategies may create market opportunities, but will have
        limited near-term impact as i2 remains highly dependent on its core
        supply-chain functionality.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:  Ariba,
 Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics Group,
 MatrixOne, Inc., Oracle Corporation, Project Software & Development, Inc., and
 Pivotal Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector. To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 19 /PRNewswire/ -- Mark Verbeck, Senior Analyst,
 Software with Epoch Partners today issued a Research Note on i2 Technologies
 (Nasdaq:   ITWO) 1Q results. The following are key highlights included in the
 Research Note, which can be accessed in its full form at the Epoch Web site
 (www.epoch.com):
 
     -- i2 reported full 1Q results in-line with its pre-released numbers.
        A difficult environment weighed on results, as sales to new customers
        decreased to an all-time low of 26%.
     -- The remaining backlog from three large transactions announced last year
        masked this quarter's difficulties. With this backlog exhausted and
        high expenses, the company is expected to report pro-forma losses for
        the next two quarters, with a return to profitability in 4Q. These
        would mark the first losses since the company went public in 1996.
     -- New product strategies may create market opportunities, but will have
        limited near-term impact as i2 remains highly dependent on its core
        supply-chain functionality.
 
     Software Research Coverage
     Investors can visit Epoch's Web site for additional commentary on the
 software sector, which includes a multimedia software industry overview and
 research coverage on the following public companies in this sector:  Ariba,
 Inc., Commerce One, Inc., Corio, Inc., i2 Technologies, Manugistics Group,
 MatrixOne, Inc., Oracle Corporation, Project Software & Development, Inc., and
 Pivotal Corporation.
     In addition, investors can be added to the Software email alert system,
 which alerts investors to new research in the Software sector. To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochebusinesssoftware .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.