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Technology Stocks : CommTouch (CTCH) : a futur Media Metrix Top 10 ?
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To: Smartypts who wrote (270)10/27/1999 6:38:00 PM
From: Robert Rose  Read Replies (2) of 420
 
"In connection with the agreement, Commtouch Software Ltd. has granted Microsoft a warrant, exercisable until December 29, 1999, to purchase 707,964 of Commtouch's Ordinary Shares at an exercise price of $28.25 per share for an aggregate exercise price of $20,000,000."

Note that this effectively provides a price floor for ctch. If msft will pay $28.50 per share for ctch, the thinking goes, so should anyone. :))

yz, I assume this is the 'msft deal' that was rumored in the Israeli newspaper?

Finally, notice that this news release was published 5:28 pm EST today. What does that mean?

UP, UP and AWAY tomorrow!
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