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Strategies & Market Trends : e-Commerce the Next 100 Months...... -- Ignore unavailable to you. Want to Upgrade?

To: Tom Klempay who wrote (2751)	10/19/1999 1:56:00 PM
From: TLindt	Respond to of 2882

>>>btw, pretty impressive returns... Considering we started with $20,000 and have $13,000+- in that PPR prime rate fund now....most of the stuff you are looking at cost us $7,000 Cash out of Pocket...in at risk capital in about 18 months of doing this. But then I never liked trading with my money at risk, I like that OPM much, much better...hope this serves as a lesson if nothing else.

To: Tom Klempay who wrote (2751)	2/22/2000 9:12:00 AM
From: AugustWest	Read Replies (2) \| Respond to of 2882

Hey Tom, I guess I shoulda' listened to Benny and Dave s. back when they grabbed it for I think 5 bucks! (REUTERS) SBC to buy Sterling Commerce in $3.9 billion deal SBC to buy Sterling Commerce in $3.9 billion deal SAN ANTONIO, Feb 22 (Reuters) - Local telephone service giant SBC Communications Inc. <SBC.N> said Tuesday it would buy Sterling Commerce <SE.N> in a deal valued at $3.9 billion, throwing itself into the hot business-to-business e-commerce market. SBC said it would offer $44.25 cash per share of Sterling Commerce, an electronic-commerce software provider. The tender offer should start in the next several days and is expected to close in March or during the second quarter, the company said. The move comes a week after the U.S. Justice Department said it opposes SBC's effort to crack the $6 billion market in Texas and become the second "Baby Bell" to offer long-distance service to its local customers. "This is an outstanding addition to our already strong line-up of data services, enhancing our ability to offer our business customers integrated, end-to-end e-business solutions worldwide," said Edward Whitacre, SBC's chief executive officer. "This instantly gives SBC the skill sets, software, products and services needed to take the lead in one of the most rapidly growing segments of the e-commerce market," he said. Sterling Commerce will operate as a separate subsidiary within SBC's Global Markets group, SBC said. Sterling will remain in Columbus, Ohio. Two weeks ago, Sterling posted first-quarter earnings of $27.3 million, or 34 cents a share, on total revenues of $138.1 million. As of Dec. 31, the company had 80.99 million shares outstanding on a diluted basis, according to federal filings. SBC's acquisition of Sterling Commerce builds on a series of initiatives SBC has recently made to provide its customers with end-to-end data and Internet-driven solutions and services. In early February, SBC and Mexican telecommunications powerhouse Telefonos de Mexico (Telmex) <TELMEXL.MX> <TMX.N> said they would invest $150 million in high-speed Internet access provider Network Access Solutions <NASC.O>. The company also agreed in December to acquire a stake in Brazilian wireless provider Algar Telecom Leste SA. ((New York Newsdesk 212-859-1700)) REUTERS * end of story *