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Technology Stocks : CATP-The stock is taking off -- Ignore unavailable to you. Want to Upgrade?


To: P314159d who wrote (726)2/14/2000 4:15:00 PM
From: Ram Seetharaman  Read Replies (2) | Respond to of 782
 
Heard a rumor on CNBC (which even CNBC couldn't confirm) just two minutes ago (@ 4:06 P.M) that INFY was looking to buy CATP. Hence CATP is up $3 and INFY is down 127 - wow! I hope they buy CATP for at least $ 30!



To: P314159d who wrote (726)2/14/2000 8:29:00 PM
From: Ram Seetharaman  Respond to of 782
 
On the INFY buying CATP rumor!

Here is some math for you to cogitate on!

INFY with a total of 66.1 million shares at today's close of $ 543 has a market cap of about $ 36 billion.

CATP with a total of 60.4 million shares at today's close of $ 20 has a market cap of about $ 1.2 billion.

Assuming they pay $ 30 for CATP, it would take $ 1.8 billion or 3.3 million shares of INFY at today's closing price or they could swap one CATP share for 0.055 INFY share or a sweetened offer of 0.073 shares of INFY to get $ 40 for CATP.

Either way they would have bought CATP on the cheap!