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To: Lizzie Tudor who wrote (13784)9/4/2002 3:06:47 PM
From: Lizzie Tudor  Respond to of 57684
 
something interesting-

Three Months After Its IPO, Plumtree Gets an Offer

Shares of Plumtree Software (PLUM:Nasdaq - news - commentary - research - analysis) soared Wednesday after the software maker received an unsolicited bid to be acquired by a San Francisco-based firm just three months after its IPO.

You have a pure financial buyer as opposed to a strategic buyer," who sees an opportunity for synergies, Ashley said. The interest from a financial buyer indicates that the company is simply viewed as undervalued, he said.

thestreet.com



To: Lizzie Tudor who wrote (13784)9/4/2002 6:04:48 PM
From: fedhead  Read Replies (2) | Respond to of 57684
 
Problem is stocks are still absurdly valued in spite of the
length of the bear market. Either the market will trade flat to sideways for a long time till the earnings catch up with valuations or the markets will head lower with a vengeance till valuations are adjusted to prospects of future growth. In either case the argument for buying stocks is non existent.

Anindo