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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: J D B who wrote (3844)11/25/1998 8:12:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 4634
 
I wouldn't know, but just like BT I wouldn't be surprised if IFMX merged or was acquired itself.



To: J D B who wrote (3844)11/25/1998 8:19:00 PM
From: Anaxagoras  Respond to of 4634
 
<<...in talks with Red Brick ....>>

That borders on understatement. In fact it's a bit cheaper to buy the Red Brick shares if you really want IFMX. The acquisition is pretty much a done deal- check out this from the recently filed 10Q:

<<In October 1998, the Company announced the signing of a definitive agreement...to acquire Red Brick Systems, Inc. ("Red Brick"), a company that designs, develops, markets and supports data warehousing software. Under the terms of the agreement, each share of Red Brick common stock will be exchanged for 0.6 share of Informix common stock. The transaction will be accounted for as a purchase. The transaction is subject to the satisfaction of several conditions, including regulatory approval, the approval of Red Brick stockholders and completion of an independent audit of Red Brick's financial results for the first three quarters of 1998.>>

Standard stuff.

Anaxagoras