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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Northern Marlin who wrote (14590)	4/26/2001 11:28:28 AM
From: Mort	Read Replies (1) \| Respond to of 14631

Informix sets $100 million stock buyback April 26, 2001 07:46:00 AM ET NEW YORK, April 26 (Reuters) - Database software maker Informix Corp. (IFMX) said on Thursday its board has approved a $100 million stock buyback program. The Westboro, Mass., company said that beginning on Friday it will buy back its stock from time to time in the open market and through privately negotiated transactions. As of March 31, it had 287.1 million shares outstanding. The stock closed on Wednesday at $4.82 on the Nasdaq stock market, the low end of a 52-week range of $2.63 to $12.38. REUTERS © 2001 Reuters

To: Northern Marlin who wrote (14590)	4/26/2001 5:17:27 PM
From: 4finger	Respond to of 14631

I'm not suggesting that Ascential should trade at 8 x rev but that is where Informatica is currently. Ex closing with cash of $3.30/share, the $2 valuation has Ascential trading at half that rev multiple. Despite the discount to Informatica, I agree that is not a steal which is why the market took the stock down on the news. But, with the large company infrastructure/history, small company niche focus, and a mega balance sheet going forward these guys are in great shape. I really think any time the stock spends south of $5 will be pretty short-lived.