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Peter Yip, chief executive officer for the Nasdaq-traded software company, says on July 18 that the company will focus on intensifying its core operating metrics, deriving more cash from operations and reserving cash because it is in face of a growing pressure from the capital market.
In addition, Eric Musser, president and CEO for CDC Software, is about to take off from the company. Michael Latimore, chief financial officer for CDC Software, has also left the company.
CDC Corporation handed in its proposal in August 2007, asking for a US listing for its software arm. The company planned to float USD 225 million shares in the initial public offering (IPO) of CDC Software in the fourth quarter of 2007. However, the projected IPO was later put off to the first half of 2008.
From www.enet.com.cn, Page 1, Friday, July 18, 2008 info@SinoCast.Com
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