Wednesday, October 03, 2007

Cohen's SAC Capital Raises Stake in i2 TECHNOLOGIES (ITWO), Suggests a Sale

In a 13D filing on i2 TECHNOLOGIES, INC. (Nasdaq: ITWO), Steven Cohen's SAC Capital disclosed an 8.9% stake (1,905,806 shares) in the company. This is up from the 5.2% stake (1,106,038 shares) the firm held at the quarter ended June 30, 2007. SAC said they believe that the assets, including intellectual property, tax attributes and ongoing operations, are undervalued and are not appropriately reflected in the price of the Common Stock. The firm believes that the best way for the company to increase shareholder value would be a public sale.

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