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To: isdsms who wrote (231)	12/28/1998 9:22:00 PM
From: isdsms	Respond to of 309

Platinum Software Soars 15% Ahead Of Acquisition Of DataWorks Dow Jones Online News, Monday, December 28, 1998 at 17:28 By Anthony Palazzo, Staff Reporter BUENA PARK, Calif. -(Dow Jones)- Shares of Platinum Software Corp. and Dataworks Corp. rose 15% and 14%, respectively, Monday as the pending completion of their combination attracted investor interest. Platinum Software signed an agreement in October to acquire DataWorks, another vendor of business-applications software for midsize companies, for about $93 million in stock. The acquisition is expected to be completed this week. Shares Platinum (PSQL), based in Irvine, Calif., Monday jumped $1.563 to $11.75 on Nasdaq volume of 1.3 million shares, compared with average daily volume of 573,000. Shares of DataWorks (DWRX), based in San Diego, gained $1.031 to $9.063 on Nasdaq volume of 727,300 shares, compared with average daily volume of 175,500. Each company's shares rose by a smaller amount in Thursday's session, after the companies announced late Wednesday that their shareholders had approved the acquisition. Platinum had agreed to issue 11.5 million shares, or to trade 0.794 share of its stock for each share of DataWorks. The combined company, with a market capitalization of around $330 million, will have more than 10,000 customers and plans to target medium-size companies with revenue of $500 million or less, Platinum said. With the acquisition, Platinum will have 2,000 employees and will operate in the U.S and 30 foreign countries. As the merger completion nears, "we've been getting more inquiries" from investors on the combined entity, said James Pickrel, an analyst for Hambrecht & Quist who follows Platinum Software. Pickrel rates Platinum a "hold" pending receipt of more detail on its post-acquisition plans relative to product lines, headcount and the general rationalization of the two companies. He expects these details to be revealed in early January. "We've been feeling pretty good about the core Platinum software business," Pickrel said. "Removing some of the uncertainty is probably going to be a positive factor in itself." - By Anthony Palazzo; 714-739-5538; tony.palazzo@cor.dowjones.com Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.