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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: puborectalis who wrote (94794)	4/27/2000 12:05:00 AM
From: puborectalis	of 120523

Andover.Net, VA Linux amend purchase agreement SUNNYVALE, Calif., April 26 (Reuters) - VA Linux Systems Inc. (NasdaqNM:LNUX - news) and Andover.Net Inc. (NasdaqNM:ANDN - news) on Wednesday said they have amended the terms of their agreement for VA Linux to acquire Andover.Net, removing the cash agreement portion of the deal. Under the new terms, Andover.Net shareholders will receive 0.425 shares which would have been reduced by an aggregate of $60 million through cash payments. VA Linux Spokesman Patrick Fossenier said the deal is now worth about $300 million. The companies said they modified the terms because of tax concerns. When the deal was first announced February 3, the transaction was about $975 million. That was a heyday of the stock's of companies involved in the Linux, the operating system viewed as an alternative to Microsoft's Window. On that day Andover.Net closed at 45-1/8 and Va Linux closed at 128. Since then, most technology stocks have taken a beating and on Wednesday Acton, Mass.-based Andover closed at 13-5/8 and VA Linux closed at 42-1/2.

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