I2 Blocks Access To Some At Annual Meeting - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

I2 Blocks Access To Some At Annual Meeting

The supply-chain management software vendor discussed its financial results for 2001 and the replacement of CEO Greg Brady during the shareholders meeting.

Supply-chain management software vendor i2 Technologies Inc. blocked a group of people from attending an annual shareholders meeting Thursday in Dallas, where the company discussed its bleak financial results for 2001 and the first quarter of this year, as well as the replacement of CEO Greg Brady by former CEO Sanjiv Sidhu.

I2 says the group that was refused entry into the meeting may have included potential shareholders, stockbrokers, and the news media. Shareholders with voting cards were permitted into the meeting.

Following the meeting, the company issued a statement saying that i2's policy requires nonshareholders to make arrangements in advance if they want to attend the meeting. The company says such precautions ensure a secure and efficient meeting. A Wall Street Journal reporter who was denied entry said i2 didn't give any indication before the meeting that reporters or others would need to make prior arrangements to attend.

For 2001, i2 posted a loss of $7.95 billion on revenue of $985.6 million. The loss was largely because of a $7.6 billion amortization to write down intangible assets for the acquisition of Aspect Development Inc. in 2000. For the first quarter this year, ended March 31, i2 posted a loss of $57.76 million on revenue of $168.41.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
Strategies You Need to Make Digital Transformation Work
Joao-Pierre S. Ruth, Senior Writer,  11/25/2019
Commentary
Enterprise Guide to Data Privacy
Cathleen Gagne, Managing Editor, InformationWeek,  11/22/2019
News
Watch Out: 7 Digital Disruptions for IT Leaders
Jessica Davis, Senior Editor, Enterprise Apps,  11/18/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll