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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (62964)	9/28/1999 9:15:00 AM
From: ok1day	Respond to of 90042

Have a safe flight tim....

To: Tim Luke who wrote (62964)	9/28/1999 9:24:00 AM
From: kathyh	Read Replies (1) \| Respond to of 90042

chase buys h&q... does that put them out of the running as a mer suitor? By Emily Church, CBS MarketWatch Last Update: 8:40 AM ET Sep 28, 1999 NewsWatch NEW YORK (CBS.MW) -- Chase Manhattan on Tuesday finally made its move into equity underwriting by buying Hambrecht & Quist in a cash deal valued at $1.35 billion or $50 per H&Q share for a 22-percent premium. Today on CBS MarketWatch European stocks slide Tuesday CMGI tops estimate with $4.74-a-share net Screaming Sector: Gold stocks soar Merrill: Not planning to buy its way online Nike locates an e-partner in the Fog More top stories... CBS MarketWatch Columns Updated: 9/28/99 9:03:16 AM ET The big New York bank (CMB: news, msgs) had long been looking to shore up its investment banking position, and was seen trying to strike a deal with Merrill Lynch (MER: news, msgs) for well over a year. Now, with the San Francisco bank (HQ: news, msgs) under its belt, Chase can move into the fastest growing sector of banking where Internet, telecommunications and media deals are being cobbled and brought to the public market. "Everyone's been looking for Chase to do an acquisition for a long time, from Merrill on down the line. It makes a lot of sense," said Jim Nelson, chair of the Orbitex Mutual Funds Trust, who also runs a venture capital fund. H&Q "is positioned in a good place for them, they're squarely in the middle of the market" for investment banking deals. Shares of H&Q rallied 7 15/16 to 49 in pre-market trading and Chase's stock fell 2 1/8 to 72, after seeing earlier gains. See Indications The companies expect the deal will close at the end of the year. Chase had been building its own investment unit, but long-time industry executives like Nelson note that it's hard to attract bankers to a new venture. H&Q "has a good reputation for this sector." Chase's chief executive William B.Harrison, Jr.said in a release that the acquisition "is an important strategic move for Chase," said "Our goal is to offer the right financial relationships for companies in the new economy---from venture capital stage to IPO to mature company." Hambrecht CEO Daniel H. Case III will become chairman and chief executive of Chase Securities West and head of Chase's Global Technology Group. As a part of the purchase contract, Chase said it will establish a $200 million retention pool in Chase stock, payable over four year to keep H&Q bankers in the fold. Under the agreement, Chase will begin a tender offer for H&Q shares over the next week. Emily Church is the New York bureau chief for CBS MarketWatch. Printer friendly format Refer this article to a

To: Tim Luke who wrote (62964)	9/28/1999 9:30:00 AM
From: professor	Read Replies (3) \| Respond to of 90042

tim, looks like siemens will have some cash on hand... TYCO <TYC.N> TO BUY SIEMENS ELECTROMECHANICAL FROM SIEMENS AG FOR $1.1 BLN CASH prof.

To: Tim Luke who wrote (62964)	9/28/1999 3:14:00 PM
From: steve susko	Respond to of 90042

Oil and Gas Giant, Woodside Energy, Doubles Productivity Levels Through Cabletron Gigabit Ethernet Switching Solution Business Wire - September 28, 1999 14:36 ROCHESTER, N.H. & PERTH, Australia--(BUSINESS WIRE)--Sept. 28, 1999 Cabletron Industry-leading SmartSwitch Routers utilized to Provide Wire-speed, IP Routing Functionality Cabletron Systems (NYSE:CS) today announced the leading Australian-based oil, gas and liquefied natural gas (LNG) producer, Woodside Energy, has more than doubled its seismic analysis capabilities by utilizing Cabletron's industry-leading SmartSwitch Routers (SSR). The layer 3/4 SSRs effectively eliminated a data block that crippled Woodside's daily operation causing substandard performance. After implementing Cabletron's Gigabit Ethernet solution, Woodside has doubled its overall productivity and improved its bottom line, resulting in company-wide expansion. Roger Newman, Woodside Energy's Network Services Team Leader explained, "Utilizing Cabletron's Gigabit Ethernet switches has resulted in a dramatic improvement in the time required to deliver processed seismic data - this analysis is essential as it allows us to determine new exploration and drilling locations. Overall, Cabletron's SSRs have allowed Woodside to achieve greater utilization of exploration equipment, including offshore drilling rigs." Cabletron's SSRs are further providing Woodwide Energy with improved deployment of a Perth-based Metropolitan Area Network (MAN), supporting the company's many locations within the City. The new MAN will take advantage of the SSR's wire speed, IP routing capabilities, ensuring efficient use of the organization's centrally located IT resources. Woodside Energy has also reaped the benefits of Cabletron's Spectrum enterprise management platform. "Spectrum has enabled us to more effectively manage our network by providing real-time measurement of network performance." Newman concluded. In order to independently verify performance claims, industry-leading product analysts, Tolly Group, recently undertook extensive testing of Cabletron's SSR-8600. Performance results confirmed aggregate IP routing throughput of over 30 million pps for both layer 2 and layer 3 IP traffic, endorsing the functionality of the industry's most feature-rich switch-router. About Woodside Energy Woodside Energy is a major domestic producer of oil, gas and LNG. They employ more than 1700 people, the majority of which are based in Perth and work either at their metropolitan offices or on their offshore facilities. The company exports most of their LNG to Japan where it is used for bulk electricity generation. About Cabletron Systems Cabletron Systems, a premier provider of world-class networking solutions, delivers reliable network access and communications to millions of people worldwide. With scalable products designed for Global 1000 enterprise networks, service providers and small businesses, Cabletron is the e-business communications specialist in the Internet economy. Listed on the New York Stock Exchange for more than a decade under the symbol CS, Cabletron is an S&P 500 index company. Cabletron's web site can be reached on the Internet at cabletron.com.