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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (12460)	12/4/1998 5:51:00 PM
From: Fred Levine	Read Replies (3) \| Respond to of 14631

The WSJ is circulating the rumor of a LU buy-out, but makes it clear that the info is quite weak. Informix Up 17% Amid Heavy Volume, Buyout Rumors NEW YORK (Dow Jones)--Informix Corp. (IFMX) shares shot up for the second consecutive day Thursday, remaining a popular topic of speculation and debate on Internet message boards. Shares of Informix closed at 7, up 1 1/32, or 17.3%, on volume of 14.4 million, compared with average daily volume of 2.1 million. On Wednesday, the shares rose 5/8 or 11.7%. The company and many on Wall Street were unable to offer a concrete reason for the stock's recent movement. But participants on a Yahoo! Finance message board eagerly offered opinions that ranged from heavy buying by institutional investors to a buyout by Lucent Technologies Inc. (LU). Lucent has figured as a potential suitor in a number of rumored buyouts and mergers in the past several months. As of October, Lucent was freed from accounting restrictions that would have made a large acquisition difficult. Lucent declined to comment on the speculation regarding Informix. Informix, which makes database software, would not appear at first glance to be a natural for telephone and networking equipment maker Lucent. fred