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Technology Stocks : Cheyenne Software - Will it be bought by Computer Assoc.?

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To: JPK who wrote (69)4/18/1996 6:44:00 PM
From: Peter Caradonna   of 130
 
To All,

Last night the CEO from McAfee was on CNBC. He was peaved that CYE said this was a hostile bid. He said they have had discussions since Nov. He pointed out that the CYE board did not say the company was not for sale. They only indicated that the price wasn't high enough.

He didn't say it but he also didn't denie that McAfee might bid higher. He also said the CYE board might be doing this to flush out others interested in acuiring CYE.

I make 30%+ in three weeks so I got out. I'm having some seller's remorse but that's just due to knee jerk greed.

I would encourage those who can to stick it out, there may be great rewards. Or not.

Good luck
peter
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