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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (13510)	9/15/1999 6:04:00 PM
From: Raymund W	Read Replies (1) \| Respond to of 14631

Here's another article on the acquisition (I don't agree with the "struggling" part): Wednesday September 15, 4:56 pm Eastern Time Informix to buy Cloudscape for $86.9 million SAN FRANCISCO, Sept. 15 (Reuters) - Struggling database software maker Informix Corp. (Nasdaq:IFMX - news) on Wednesday said it agreed to buy closely held Cloudscape Inc. for $86.9 million in stock in a bid to beef up its electronic commerce offerings. Menlo Park, Calif.-based Informix said it would pay 10 million shares for all shares and options outstanding of Cloudscape. Based on Informix's closing stock price of $8.69 on the Nasdaq on Wednesday, the deal values Cloudscape at $86.9 million. Increasingly, software is being deployed via the Web and the Internet, with users accessing it via a simple Web broswer. Informix said the Cloudscape deal should help it better compete in the market for distributed electronic business applications, including e-commerce, supply chain management and content management. Informix and said Oakland, Calif.-based Cloudscape's software is written in Java, a popular programming language that enables programs to run on myriad different computer systems. Software firms ranging from Microsoft Corp. to Oracle Corp. are working to develop programs that run over the Internet and through a Web browser. ''Winning ... requires collaborative business processes, and this demands support for applications that span distributed, virtual organizations,'' said Jean-Yves Dexmier, president and chief executive of Informix in a statement. Specifically, Informix said Cloudscape had developed a portable Java database that would work with Informix's database software for large enterprises in helping to connect remote users to a company's applications. Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

To: bob zagorin who wrote (13510)	9/15/1999 6:51:00 PM
From: Dave Wulkan	Read Replies (1) \| Respond to of 14631

Bob, I'm glad it's an all-stock deal! Now, how will this be accounted for in the quarterly earnings report? If the earnings just get diluted by 10M more shares it sounds like a minor impact. I still would like to know how all those odd-lotter sales this morning fits into this. I have no doubt the two events are tied together. It seemed like it went on for 15 minutes that virtually all the transactions (when the price dipped around 8 and below) were for less than 100 share blocks??? I hope tomorrow this gets a good reception! Dave