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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: The Player who wrote (4129)	1/6/1999 9:30:00 PM
From: lebo	Read Replies (1) \| Respond to of 4509

It is not about quantity (size), it is about quality (PSFT products.

To: The Player who wrote (4129)	1/7/1999 12:30:00 AM
From: Chuzzlewit	Read Replies (3) \| Respond to of 4509

Culture and synergy aside, there is no impediment to the merger because of size. IBM has a market cap of around 175BB, PSFT around 5 BB, IBM shares are selling at around $190, so paying an extra 5BB (making the buyout price of around $43) would hardly dent IBM shares. That would imply a conversion ratio of roughly 4.6 PSFT for 1 IBM. Remember, this is all done with paper -- no cash changes hands. It would be interesting to see how this could be justified as a pooling of interests acquisition. CTC

To: The Player who wrote (4129)	1/7/1999 2:52:00 PM
From: Lizzie Tudor	Respond to of 4509

I dont really think theres a huge cultural chasm, believe it or not, between IBM and Psft. This is just based on some friends of mine who work at Santa Theresa - it sounds like IBM Santa Theresa is just another software R&D company from what they say, no more political than anywhere else at this point, and (this is important) IBM is family oriented and doesnt force their staff into long hours. I think a bigger cultural chasm exists between psft and orcl. Admittedly Im looking at IBM through a pretty small window. Michelle