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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: seth thomas who wrote (1637)	3/6/1998 10:36:00 AM
From: Shege Dambanza	Respond to of 3033

I think TD said there were no collars or caps on the deal.

To: seth thomas who wrote (1637)	3/6/1998 12:53:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 3033

I agree with your point that any stock can drop prior to an acquisition. Stocks drop all the time. I'm waiting for psft to drop right now. I'm not so sure I feel that the ifmx/illustra situation is truly a good comparison. If for no other reason that ifmx was never what I consider to be a hot company. Not that their products weren't adequate...it just wasn't what one might call a high flier. That space was always held by orcl. Even Sybase was hotter at one time. I guess it all comes down to how you feel about the acquiring company and whether you are looking at it from a long term or short term perpsective. In my particular case, I am holding my scop stock at a loss right now so selling it doesn't make any sense to me. Why take a loss when I feel this will ultimately turn into a profit. Even if it were at at a profit, my thoughts are why sell and pay taxes on something when I know I can defer them and have more profit to pay the taxes on. (I hate taxes) I spoke with someone who recently left scopus and his perspective was that sebl was another msft machine and would be very tough to beat. BTW, did you ever have your lunch with the ex-sebl employee. Would be very interested in hearing another perspective on the product integration issues from someone who might have some real information vs. the conjecture that we all seem to provide on these threads. Melissa

To: seth thomas who wrote (1637)	3/6/1998 1:17:00 PM
From: Melissa McAuliffe	Respond to of 3033

I had one more thought after I sent that last post. When people talk about sebll dropping 10 points, it is important to note that of the 10 points 7 or them occurred in one day. This was definitely momentum buying which always happens on pending events. No one with a rational brain could have expected that stock to stay where it was once the split news was announced. It's the old buy on the rumor sell on the news. So when you consider that the stock was at 56 two days before the merger was announced, it really has dropped very little. Yes, it did drop from the close the day before the merger was announced and the price on which the acquisition value was based. Prior to this sebl was on a nice uptrend and I see no reason for this not to continue once all this uncertainty (which surrounds any acquisition) settles down and they product another quarter of outstanding growth. Melissa