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To: Sarmad Y. Hermiz who wrote (116154)	1/24/2001 1:21:24 PM
From: H James Morris	Respond to of 164684

Sarmad, I agree. With a P/E of 495 and a market cap of $4.4 billion...Autonomy is not for the faint of heart. The good news is they do have $cash and will be making some acquisitions. >23 Jan 11:15 By Elena Berton By DOW JONES NEWSWIRES LONDON (Dow Jones)--The bright lining to the current cloud over technology stocks is that now is a very good time for mergers and acquisitions, Autonomy Corp. PLC (AUTN) Chief Executive Mike Lynch told Dow Jones Newswires Tuesday. "Many businesses are losing money, they can't raise cash because of market conditions, so there are rich pickings to be had if you are in a profitable business." Autonomy, which has $130 million in cash, is looking for quality companies to acquire, Lynch said, and "at the moment, cash is king." "We are looking at different areas, such as key technologies we can add to our own technology, geographical distribution, and perhaps companies that have good reach to the market," he said. However, Lynch said Autonomy would be likely to focus on acquiring smaller companies. "It is less likely to be a massive one, but we'll keep all options open." He added that areas of expansion are likely to be the Far East and Latin America. Lynch also repeated earlier remarks that the company had not seen any slowdown in the market for IT products and services. "There was a lot of criticism when we said that, but it turned out that other companies have said something like that, for example Oracle Corp. (ORCL)," he said.