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Technology

Intermec’s 1Q Loss Widens, CEO Departs
Supply chain technology company Intermec said its first-quarter loss widened from a year ago and announced the departure of its CEO, Patrick Byrne.

The company lost $16.4 million, or 27 cents per share, compared with a loss of $6.1 million, or 10 cents per share, a year ago.

Revenue edged up 1% to $179.7 million, the company said in a statement.

The company said Chairman Allen Lauer has been appointed interim CEO until a permanent replacement is in place.

 

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