VIAS VIASOFT & THE Y2K PROBLEM Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VIAS VIASOFT & THE Y2K PROBLEM

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Al's Fun who wrote (2035)	10/28/1999 5:12:00 PM
From: TEDennis	Read Replies (2) of 2067

Thursday October 28, 4:47 pm Eastern Time Justice sues to block Compuware acquisition WASHINGTON, Oct 28 (Reuters) - The government announced Thursday it will file suit to block Compuware Corp.'s (NasdaqNM:CPWR - news) proposed purchase of Viasoft Inc. (NasdaqNM:VIAS - news), asserting the merger would increase the price of some mainframe software. The Justice Department said that the two firms compete against each other around the world in software used on mainframe computers for testing and debugging and for ''fault management.'' Justice said that the software was ''crucial to maintaining efficient operations'' for many users of mainframe computers. ''The effect of this transaction would be to remove an important competitor -- Viasoft -- and to strengthen Compuware's dominance over these important mainframe'' products, said Joel Klein, assistant attorney general in charge of antitrust, in a statement. Testing/debugging software is used to check for errors in programs and to fix program code in case of a computer crash. Fault management software detects and diagnoses errors that caused the crash. Justice said Viasoft was the closest competitor to Compuware in the testing/debugging market. It recently entered the fault management market and appeared to be poised to become a significant competitor, the government said. ''We are currently in process of weighing our options as far as how we want to respond,'' said Gray Reynolds, a spokesman for Compuware at the firm's headquarters in Farmington Hills, Mich. Viasoft has headquarters in Phoenix, Ariz. biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next