It is impossible to say what a buyout price would be but typically small cap stocks do much better as a percentage increase. A large company such as Chrysler, often sells at 50 to 100% increase over the price before buyout speculation or large purchases increase the price. I know that smaller companies do quite a bit better. For example, Knowledgeware had major financial problems and sold for about more than $7.00 with a pre buyout price of $3.00. Later the deal was lowered to around $4.50 due to fraud that was dicovered on the revenue side. I have heard that some small cap stocks in the range of Parq have sold for huge multiples. Parq is in a position to wait for a good deal.
As far as Oracle as a buyer here is another piece of info to consider from a recent Parq newsletter:
As an example of our strategic partnering, Oracle has selected ParcPlace to develop an object-oriented software
curriculum to be taught to thousands of Oracle business and technology consultants around the world.
ParcPlace's object-oriented training will be the foundation of Oracle's new training program. Oracle will also be
licensing the object-oriented curriculum from ParcPlace, allowing Oracle to increase the number of training
sessions being given to its internal consultants. Oracle chose ParcPlace due to its technology leadership and
extensive knowledge and experience with object technology.
"Oracle Corporation has selected ParcPlace to develop and train over 2500 internal Oracle trainers and
consultants world wide. ParcPlace brings us the technical and real-world object experience that we need,
packaged in a curriculum that has been designed to rapidly bring our consultants up to speed," said Les
Dunaway, Network Computing Architecture (NCA) Practice Manager in Oracle's Advanced Technology Objects
Center of Excellence. "By leveraging ParcPlace's experience we can not only help our customers make the
transition from Oracle7 to Oracle8 more rapidly, but also help them integrate their legacy applications into a new
enterprise architecture. Customers will shortly be able to transition Java pilot projects' into real, enterprise Java
applications tied to their legacy applications."
Someone asked if the large volume deals were buys or sells. The price went up an eight to a quarter during each period of high volume, so I would guess that someone is probably buying. The fact the the proce went up so little seems to indicate that the purchase were controlled, perhaps by an investment company, by PARQ, or some investment trust such as a pension fund.
It is nice to see some activity on this forum. |
