Mohan,
ML on CPQ, dated 26Jan1998 -- L. Painter still maintains Buy, Buy, with 12 month target of $45, views deal favorably, but will monitor integration closely. CPQ gets 1) support org, 2) NT enterprise systems, 3) storage, 4) Alpha (what's next a sub 1K alpha?), DEC gets 1) stronger image, 2)investment in core strengths. Risks are 1)org integration and 2) DEC's legacy business. Overall writes "the deal makes sense strategically". Will build new nodel when more details are announced. Rated B-1-1-7 (Average risk-Buy near term-Buy long-term-Same/higher income rating).
Regards,
Rich |
