Gartner Research

Industri Matematik (IMI) Struggles On

Published: 07 May 2001

ID: G00188708

Analyst(s): Kevin O'Marah

Summary

Industri Matematik International's (IMI) reorganization hits all the major trouble spots--departure of Chief Operating Officer (COO) John Geraci, assumption of COO duties by long-time CEO Stig Durlow, and restructuring of operations, including staff reductions, to get to profitability. The changes are part of an ongoing story of decline that shows up in a steady stock price fall from a high of just over $15 per share last March to $1 today.

©2019 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client