Catalyst International Bit by Y2K Bug
Steve McVey - October 4, 1999

Event Summary

Warehouse Management System (WMS) vendor Catalyst International, Inc. announced that it expects to incur a third quarter loss of approximately $5.7 to $6.5 million, which includes a non-recurring charge of between $4.0 million and $4.5 million relating to the discontinuance of Catalyst's Windows NT product development and restructuring in connection with the previously announced SAP alliance. As reasons for the loss, company representatives cite customer reticence due to Y2K issues and uncertainty over identity of the new business partner...