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

To: James A. Shankland who wrote (12468)	12/4/1998 7:18:00 PM
From: Kenny	Respond to of 14631

Click Here for More Information INFORMIX CORP rpts sales of equity securities. IFN Smart Edgar News - December 04, 1998 17:58 Excerpted from 8-K filed on 12/04 by INFORMIX CORP: INFORMIX CORP rpts sales of equity securities. Item 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S. On November 25, 1998, Informix Corporation (the "Company") issued 80,000 shares of its Series A-1 Convertible Preferred Stock (the "Warrant Stock") to Fletcher International Limited ("Fletcher") for an aggregate of $20 million. The sale of the Warrant Stock was not registered under the Securities Act of 1933 (the "Act") pursuant to the exemption provided by Regulation S. The Warrant Stock was purchased pursuant to a Warrant that was granted to Fletcher in connection with a Subscription Agreement dated August 12, 1997 between Fletcher and the Company (the "Subscription Agreement"), as subsequently amended by Amendment No. 1 dated November 17, 1997 (the "Amendment"). Further, the Warrant Stock was subsequently converted to 4,642,525 shares of the Company's Common Stock and was not registered under the Act pursuant to the exemption provided by Regulation S. On February 13, 1998 the Company issued 60,000 shares of its Warrant Stock to Fletcher for an aggregate of $15 million. The sale of the Warrant Stock was not registered under the Securities Act of 1933 pursuant to the exemption provided by Regulation S. The Warrant Stock was purchased pursuant to a Warrant (the "Warrant") that was granted to Fletcher in connection with the Subscription Agreement, as subsequently amended by the Amendment. Pursuant to the Subscription Agreement, the Company sold 160,000 shares of Series A Convertible Preferred Stock (the "Series A Stock") for an aggregate of $40 million and issued a Warrant to acquire up to an additional 140,000 shares of Series A Stock. In connection with a subsequent financing, the Series A Stock was exchanged for Series A-1 Convertible Preferred Stock, and the Warrant relating to Series A Stock was exchanged, pursuant to an Exchange Agreement between the Company and Fletcher dated as of November 17, 1997 (the "Exchange Agreement"), for a Warrant relating to Series A-1 Convertible Preferred Stock. ------------------------------------------------------------------------ DISCLAIMER: The information provided through this news feed is excerpted from documents filed with the Securities and Exchange Commission (SEC) and should not be relied upon without review of the full documents filed with the SEC. In no event will Internet Financial Network, Inc., its officers, directors, employees, stockholders or agents, be liable to you or to any third party for any damages, costs or expenses arising or incurred in connection with any action taken or failure to act that is based upond the information contained in or omitted from this news feed or the documents filed with the SEC. ifn.com ------------------------------------------------------------------------ %8-K %SIC7372 %Unsched %SecChg IFMX V%IFN P%SMRT Search for: Enter Stock Symbols (eg: IBM, T, GM) or Company Name. Click Here for More Information News: Your Personal News \| Search News Hot Stocks \| Internet News \| Technology News \| Mergers/Acquisitions Futures/Commods \| News by Industry \| Personal News Manager Quotes (free): Quotes & News \| Mutual Funds \| Money Market Funds Company Digest \| What's Hot/What's Not \| Market at a Glance Global Stocks Portfolio: My Portfolio \| Internet Portfolio Research Corner: Company Digest \| Earnings Surprises \| First Call \| IPOs \| Global Stocks User Info: FAQ \| Register \| View Balance \| Update Account Info \| Mail \| Cancel Account About News Alert: Info \| Pricing \| What's New \| Sources kenny

To: James A. Shankland who wrote (12468)	12/4/1998 7:27:00 PM
From: Kenny	Respond to of 14631

Click Here for More Information U.S. OPTIONS/Informix calls bid on takeover rumor Reuters Story - December 04, 1998 18:39 CHICAGO, Dec 4 (Reuters) - Call options on shares of database software company Informix Corp attracted speculative bids on rumors of a takeover deal, traders said. "Volume has definitely stepped up the last three days," a brokerage firm trader said of Informix options. December 7.5 calls traded more than 3,600 contracts by late trade, the busiest call option on the Chicago Board of Trade. Implied volatility for the contract rose to about 100 percent on the offer side, rising more than 20 points from the start of the week. The stock was up 5/8 at 7-5/8. The brokerage trader noted that total option volume had ballooned each day from 172 contracts five days ago to about 7,000 contracts on Thursday and 14,000 contracts today. "Yes, there's definitely some kind of takeover or something going on," he said. Informix officials were not immediately available for comment. An analyst at a Chicago firm said Informix could look attractive to potential buyers at the current share price. "The stock's been sort of depressed as of recently, but they have some products," he said. "The products are starting to bring in enough revenue to allow the company to have a decent earnings cycle." In October, the Menlo Park-based company reported net income of 10 cents a diluted share, beating Wall Street forecasts of 6 cents. A trader at a Midwest brokerage firm said he was skeptical about an imminent deal. He noted that Informix had been a perennial takeover target, with fresh speculation resurfacing every few months. "Whether this time it's something more substantial than the past rumors or if it's just one of those permanent rumor mills, who knows?" he said. Elsewhere, technology names saw good interest in call options as the market reversed this week's downtrend. Compaq Computer Corp options were very active, with January 40 calls trading 8,200 contracts and December 35 and 40 calls trading about 5,700 each. Paul Foster, strategist at 1010wallstreet.com, said the stock had broken above technical resistance near 38. Some brokerages also raised their ratings for the stock. On the Philadelphia Stock Exchange, Anheuser-Busch Cos Inc saw a big spread trade in deep in-the-money January 37.5 and June 55 calls. The stock was off 1/16 at 63-9/16. "They probably bought the 37.5 calls as some sort of a stock substitute and then sold the 55 calls to take in some premium," the first brokerage trader said. "If you look at the 37.5 calls, the delta is 0.99 -- that's pretty much a stock substitute -- cheaper than buying (the stock) on margin," he added. Delta is the rate of premium change against the underlying stock's movement. He said the 37.5 call was a cheap stock substitute since time premium component paid was only 3/4 -- derived by subtracting the stock price at the time of trade, 63-3/4, from 64-1/2, which is the sum of the option's premium, 27, and the strike price of 37-1/2 Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. %BEV %DPR %BUS %US %STX %DRV %.N/OPT IFMX %BNK %DE CPQ BUD V%REUTER P%RTR Search for: Enter Stock Symbols (eg: IBM, T, GM) or Company Name. Click Here for More Information News: Your Personal News \| Search News Hot Stocks \| Internet News \| Technology News \| Mergers/Acquisitions Futures/Commods \| News by Industry \| Personal News Manager Quotes (free): Quotes & News \| Mutual Funds \| Money Market Funds Company Digest \| What's Hot/What's Not \| Market at a Glance Global Stocks Portfolio: My Portfolio \| Internet Portfolio Research Corner: Company Digest \| Earnings Surprises \| First Call \| IPOs \| Global Stocks User Info: FAQ \| Register \| View Balance \| Update Account Info \| Mail \| Cancel Account About News Alert: Info \| Pricing \| What's New \| Sources Kenny