Published: 07 May 2001
Analyst(s): Kevin O'Marah
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.
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