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Technology Stocks : BMC Software

BMCS 0.00820

0.0%

Nov 7 9:30 AM EST

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To: T-Lo Greens who wrote (1190)	2/14/2000 10:38:00 PM
From: john dodson	Read Replies (1) of 1492

IBM did buy Sequent for about $18. I remember when IBM bought Lotus some years back. Lotus' stock was trading in the mid $60's, then hit a rough patch and dropped to $35 or so. Very soon thereafter IBM announced a buyout at $60 if memory serves. Well, Lotus somehow got big blue to finally anty up $5 more for a bid of $65 before the deal was done, again if memory serves. I'm having a hard time seeing the likelihood of this whole thing. Even at $40 something, BMCS already has a market cap in excess of $10 Billion. Even a $65 offer equates to over $15 Billion -- a hefty price to pay. And, no offense, but BMCS ain't no Lotus, or at least what it was IBM bought 'em. -John

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