I2 Technologies Inc. announced that Levi Strauss & Co. (LS&Co.) has tapped i2 to design and deploy processes and tools to improve service levels to Levi Strauss & Co.'s U.S. retail customers. The tools, which include a vendor managed inventory (VMI) functionality, are designed to more accurately replenish products on the retail floor at the SKU level, providing consumers with a better shopping experience and enhancing sales opportunities for retailers. In addition, Levi Strauss & Co. is leveraging associated outsourced managed services from i2 to improve its inventory management.

Kendall Law Group began an investigation on behalf of I2 Technologies Inc. shareholders. The investigation concerns possible breaches of fiduciary duty in connection with the proposed acquisition by JDA Software Group for $396 million. The proposed transaction is a 9% premium for i2 shareholders and is subject to a termination fee. Former federal judge Joe Kendall said, 'The investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of i2 and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders' best interests in connection with the sale process'.

I2 Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenues of $54.636 million, operating income of $12.191 million, income before income taxes of $12.063 million and net income applicable to common stockholders of $10.030 million or $0.36 per diluted share against total revenues of $64.753 million, operating income of $10.542 million, income before income taxes of $3.668 million and net income applicable to common stockholders of $1.366 million or $0.05 per diluted share for the same period last year. For the nine months, the company reported total revenues of $168.067 million, operating income of $30.906 million, income before income taxes of $28.273 million and net income applicable to common stockholders of $21.693 million or $0.80 per diluted share against total revenues of $192.056 million, operating income of $99.946 million, income before income taxes of $91.351 million and net income applicable to common stockholders of $83.656 million or $3.15 per diluted share for the same period last year. Net cash provided by was operating activities $26.872 million against $98.935 million for the same period last year. Purchases of premises and equipment were $716,000 against $848,000 for the same period last year.