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Technology Stocks : CBSI-complete bus. solutions. new y2k play! -- Ignore unavailable to you. Want to Upgrade?

To: P. Ramamoorthy who wrote (288)	4/9/1998 1:40:00 PM
From: Jeffrey E. Klein	Respond to of 506

Maybe the selloff today is related to the 7.2m shares of CBSL stock that is being used to pay for the Claremont Technology purchase. If the number of shares outstanding is being increased by 7.2m shares, maybe the initial perception is that this would dilute ownership and earnings in CBSL. However, CBSL said that it expects the merger to be accretive to earnings per share, excluding merger-related expenses, beginning in the third quarter and thereafter. See www.wsrn.com for news on CBSL. Access DLJ direct for the news. CBSL had about $123m in revenues for year-ending 1997. Claremont's trailing annual revenues were $81m.