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i2 Technologies hits 52-week high

i2 Technologies Inc. (Nasdaq: ITWO) charged up 33 3/8, or 16 percent, to a 52-week high of 248 3/8 Thursday after it plowed past analysts' estimates in its fourth quarter and set a 2-for-1 stock split.

In the quarter, i2 earned $17.1 million, or 19 cents a share, on sales of $175.3 million.

First Call consensus expected the maker of supply chain management software to earn 16 cents a share in the quarter.

On Thursday, CS First Boston reiterated its "strong buy" recommendation and raised its fiscal 2000 earnings estimate from 65 cents a share to 71 cents a share.

In the year-ago quarter, it made $4.1 million, or 5 cents a share, on sales of $113.6 million.

For the year, i2 earned $30.1 million, or 36 cents a share, on sales of $571 million compared to a profit of $12.8 million, or 16 cents a share, on sales of $369.2 million in fiscal 1998.

"Our growth was driven by i2's solutions for intelligent eBusiness, which make our customers more responsive to their customers' requirements, more efficient in managing their supply chains, and more profitable by improving their decision-making capabilities," said CEO Sanjiv Sidhu in a prepared release.

In the quarter, licensing revenue increased 50 percent to $110.5 million up from $73.8 million in the year-ago quarter. Total services and maintenance for the fourth quarter increased to $64.7 million compared to $39.8 million in the fourth quarter of 1998.

Company officials said the stock split will take effect on Feb. 17 for all shareholders of record on Feb. 3.

i2 shares hit a previous 52-week high of 218 in December after falling to a low of 17 3/4 in April.

Eighteen of the 20 analysts tracking i2 shares maintain either a "buy" or "strong buy" recommendation.

Analysts expect i2 to earn 69 cents a share in fiscal 2000.