Shares in supply chain management software house Manugistics Group Inc sank $1.25, or 7.5%, to close at $15.375 Friday after the company revealed further financial troubles in a filing with the Securities and Exchange Commission. In the filing, the company – which has reported operating losses in each of the three quarters in fiscal 1999 – disclosed that its December announcement in which it said that it is effectively looking for a buyer has caused substantial delays in the negotiation and closing of licensing transactions, as many of its customers await further announcements. The latest word on the street is that i2 Technologies Inc will be the one to buy the troubled company, as we hear that Oracle Corp has passed on the opportunity. More than 2.6 million shares traded hands Friday, nearly triple the normal daily volume.
