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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (1338)	5/12/2000 5:07:00 AM
From: John Pitera	Respond to of 3951

In the big picture SDLI could still be bought. I do follow you that they have a "stand-alone" posture.

To: pat mudge who wrote (1338)	5/12/2000 5:35:00 AM
From: Lee	Read Replies (1) \| Respond to of 3951

Hi Pat, Just wanted to say many thanks for all your work getting info for us from the Tech conference. Glad to hear also SDLI using cash and shares for the acquisition rather than debt. Cheers, Lee

To: pat mudge who wrote (1338)	5/12/2000 9:44:00 AM
From: Wyätt Gwyön	Respond to of 3951

I'm seeing this as less likely with every acquisition we get. SDL's lean and mean and I don't think they're sitting around waiting for someone to fill out their dance card. (Sorry for the mixed metaphor.) I'll see your mixed metaphor and raise you an analogy <g>: If an acquisition by a company is like adding a room to your house, why would you make an addition immediately before trying to sell? You're just going to raise the absolute price (more expensive means fewer potential buyers), while not giving yourself any time to amortize the costs of the addition (i.e., lower absolute return for you). Besides, prospective buyers might not like whatever room you added. Stock taking a relative breather this morning. All things in good time, eh?