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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (479)	8/21/1998 11:16:00 AM
From: Dave	Read Replies (1) \| Respond to of 7247

To all, I just received this news release: AUTODESK (ADSK: 27, - 5-5/8) agreed to buy DISCREET LOGIC (DSLGF: 13-1/8, - 2-7/8) for about $530 million in stock, roughly 17-1/8 per share, broadening its offerings in 3D design software used in films and television movies. Autodesk and Discreet had been working together for more than a year to blend their technologies in creating and manipulating 2D and 3D images before agreeing to strike a deal. The proposed purchase would also give Autodesk access to one of Discreet's fastest-growing markets, as the transition to digital television, or HDTV, from traditional television that uses analog signals gets under way. DSLGF is trading at $13 and looks like the buyout is worth $17 or so. Is this a no brainer or am I missing something? Regards, Dave

To: Jon Tara who wrote (479)	8/21/1998 11:10:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 7247

Also, in the explosive detection field - check out VVID, which seems to be taking the lead in luggage screening from MAGSF and INVN. Vivid has very impressive recent growth. This is the highest P/E of these stocks, but probably worth it, and still rediculously low (I think around 12 P/E.) ASE also showed great strength today. BARR didn't do so hot today, but in the past it's been a "sleeper" that tends to lag by a few days. They have a stock buy-back in place (1 million shares) and are coming off a recent low. I doubt that a basket of these stocks would disappoint over, say, the next 2-3 weeks.