Steve,
No champagne yet, that's for sure. I got in at 65, which I thought was a good price then. I haven't bailed yet and I probably won't. Although the downside concerns me, I also believe that there is a very strong potential for a lot of upward movement as well if this thing plays out as the mgmt of CPQ hopes.
There was an article on the front page of the Louisville paper today regarding the merger. It was written in fairly simple terms and didn't elaborate a lot about the details of the deal. However, it did play up the deal as positive and that this move would allow CPQ to compete against the $78 billion dollar giant IBM. If the market and investors begin to perceive this merger as allowing CPQ to compete against IBM rather than having it be a drag on earnings, the money we have in the company may not be 'dead' for the rest of the year.
It will be interesting to see if the perception of this deal remains the same or changes over the next several days. I think it caught a lot of folks off guard. Sometimes, when you get hit with something your first reaction is to be negative. When you get a chance to sleep on it, talk about it and evaluate it, you may find it isn't that way at all. Who knows. -Keith- |
