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Technology Stocks : Manugistics, Inc. (MANU)
MANU 15.82-1.2%12:23 PM EST
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To: Elyse Gilbert who wrote (1122)1/6/1999 1:54:00 PM
From: Ron  Read Replies (2) of 1670
 
From CBS Marketwatch:
Manugistics (MANU) has had a tough go of it this year. Its stock has gone from a high of $66 a share to a low of $6 and is currently trading around $13. Multex Investor Network has a research report from Legg Mason Wood Walker posted on its site that points to an acquisition of Manugistics Group. The analysts see three possible buyers: Oracle (ORCL), PeopleSoft (PSFT)and J.D. Edwards (JDEC). They say Oracle is the most likely of that group to make a run for Manugistics. The research report says Oracle could afford to pay the $600 million analysts figure Manugistics would fetch. But they say PeopleSoft, though shorter on the cash needed to pull it off, could structure a cash-and-stock takeover. The report also says J.D. Edwards lacks the cash or stock, making it tough but not impossible for it to swallow Manugistics. The analysts say one roadblock to a Manugistics acquisition is the fact that the company's chief executive owns 22 percent of outstanding common stock, so he would have to be on board for a friendly takeover. The Legg Mason report thinks the supply chain management software market is heading for consolidation and that, because Manugistics' stock price has taken such a pounding, it is likely the first to go.
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