In tracking SPYG's 800,000 shares of JSB SoftwareTechnologies Plc, I believe I may have been using the wrong symbol. EASDAQ (European Association of Securities Dealers Automated Quotation) gives the firm's stock prices in United States dollars under symbol JSBS: easdaq.be
The latest closing price is 111.00 USD, which at 800,000 shares is 88,800,000 USD; combined with the cash payment SPYG received, the Surfwatch sale has netted Spyglass over 100,000,000 USD. This represents a huge windfall for the firm. They have a great cash trove with which to invest in technologies to get more entrenched in the wireless and set-top box browser areas. With companies like Be coming out with their BeIA browser for the Internet appliance market, the money will give Spyglass a lot of ammunition to fight the competition.
All my best,
Osman. |
