>>> some people on the Street who'll hear it for the first time.
No Bloomberg but sounds like they are playing my song.
Found this interesting.
FORT LEE, N.J.--(BUSINESS WIRE)--Dec. 17, 1996--
Race is on to acquire market
leadership in Internet-related sectors
Seventy-two percent of North American Information Technology (IT)
firms are likely to pursue mergers or acquisitions (M&A) over the
next 12 months, up from 64 percent last year, according to the second
annual IT M&A Forecast survey released by Broadview Associates, the
leading M&A advisor to the IT industry.
"The pace of activity is accelerating because IT companies have
found M&A transactions to be a cost and time effective tool for
implementing their corporate growth strategies," said Charlie
Federman, chairman of Broadview Associates. "More than 70 percent of
the companies that we surveyed that have completed mergers and
acquisitions consider all or most of them a success."
Internet Drives M&A Activity in Waves; Media Sector Surges
The Media and Content Services sector projects the highest
proclivity toward M&A activity, with 89 percent of media companies
reporting that they are likely to pursue a transaction in 1997,
compared to 76 percent in the Software Products and Services sector
and 70 percent in the Telecommunications Services sector. Hardware
Products and Supporting Products and Services also project an
intention to engage in M&A activity, reporting 63 percent and 59
percent, respectively.
"The IT industry's hottest arena has shifted from Silicon Valley
to Silicon Alley. Three sequential, but overlapping, waves of
Internet-related M&A can be seen. In the first wave, involving the
Internet's "pipes" or connections, telecommunications companies have
been acquiring regional Internet service providers, establishing
competition on a national scale. In the second wave, involving
Internet tools, activity has surged among software tools developers
as the race to establish standards has heated up. In the third wave,
involving Internet content, we will see much greater activity
involving media companies, as content for the Internet becomes
paramount," said Federman.
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