i2 May Be Fit to Survive in the B2B Rubble

Quick, which business-to-business software stock doesn't belong -- Ariba (ARBA Quote), Commerce One(CMRC Quote) or i2 Technologies (ITWO Quote)?

All have been cast as the glam guys of B2B, the vanguard of a new generation of software companies that hope to capitalize on the rush toward B2B e-commerce. And all have gotten the snot knocked out of them lately: Ariba and Commerce One are at least 70% off their March highs, while i2 Technologies is 60% off its peak.

Yet some investors -- and a couple of fundamentals -- suggest that i2 doesn't deserve the same pummeling as its B2B brethren. ...