S1: Doing Business in a Dot Com Depression, -V1 Message Board

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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1

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To: jjs64 who wrote (398)	5/19/1999 6:46:00 AM
From: john g	Read Replies (1) of 1013

ubj: Steve Harmon comments Date: 5/19/99 6:18:03 AM Eastern Daylight Time 99.05.18 - Security First (NASDAQ:SONE - news) decides to leap into the big leagues with a $1 billion buy of Europe's FICS, which makes software for banks. On the heels of that deal the Web bank software maker decides to snap up Edify for $17.87 per share or $345 million. Pro forma SONE will have a third of the world's leading 100 financial institutions using its service. Relatedly, finance software maker Intuit likes what it sees and invests $50 million, or $51.50 per share, for 2.5% of SONE. Deal swirl which makes sense in this unabridged sector. At $637 million market cap for SONE I don't know why Intuit stopped at 2.5%. To me Security First has taken a big step and raised its profile and leverage.

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