>>SAP moving quickly and adroitly
yah right.
>>price pressure
sure there will be price pressure but this probably won't happen for a while. In the meantime, look at the relative valuations of a bunch of leading C/S apps companies all of which are to experience price pressure at least in line with i2 (probably even more so):
Company, Market Cap, Last Qtr License Revs
MANU ($41) $1.0b, $19.8mm
SEBL ($30) $1.2b, $20.8mm
ITWO ($45) $1.5b, $33.3mm
All have key integrators/partners.
i2 had the fastest sequential growth in June but DSO's were up and the quarter was back-end loaded.
The stock prices have fluctuated in opposite fashion lately with SEBL and MANU flat/down since June 30 and ITWO up sharply. I am going to wait on buying big into ITWO. |
