i2 lost on rudderless ship

NEWS Supply chain software company i2 has turned in gloomy but not surprising second quarter results. The company managed to reach considerably lowered expectations by turning in losses of $860.9m for the quarter. This contrasts sharply with a loss of $280.8m in the comparable quarter last year. It has also warned that job cuts are on the cards. Gregory Brady, CEO of i2, said in a conference call to analysts and journalists: "We have no idea where the market is going." The company has found itself at the mercy of dot-com and e-marketplace customers that couldn't pay for the software it delivered. It will now concentrate on selling its supply chain and e-sourcing software rather than e-marketplace solutions.