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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: johnlag who wrote (24986)	3/29/1999 12:25:00 PM
From: moby_dick	Read Replies (3) \| Respond to of 122087

PLAT - may actually be a good LONG here - the CA deal is for $29 1/4 in an all-cash transaction! Trading now in the $24-25 range. Any thoughts? NEWS: 03/29 12:02 Computer Associates buys Platinum in $3.5 bln deal (adds details, byline, stock quote in para. 3 Andrew Hay NEW YORK, March 29 (Reuters) - Computer Associates International Inc., tightening its grip on the corporate software market, said on Monday it would buy rival Platinum Technology International Inc. for $3.5 billion in one of the biggest deals ever in the software industry. Computer Associates <CA.N>, the world's third largest software firm based on revenues, said it would pay $29.25 per share cash for Platinum <PLAT.O>, or just over triple the value of Platinum's closing share price on Friday of $9.875. Shares of Oakbrook Terrace, Ill.-based Platinum leapt skyward on the news, trading at $24.75 a share, or well over double Friday's closing Nasdaq price. Computer Associates stock was at $32.81 following the deal, down $1.63. Computer Associates, reknowned for its 20-year practise of swallowing up weaker rivals, will buy the Oakbrook Terrace, Il. company through a cash tender offer. The company plans to fund the tender with a new $4.5 billion credit facility underwritten by Credit Suisse First Boston. The Islandia, N.Y. company said the acquisition gives it key Platinum data storage and management software that provides the plumbing to run large corporate computer networks or enterprise systems. "This transaction provides tremendous synergies in products, markets and services, with very little overlap," Computer Associates President Sanjay Kumar said in a statement. "Computer Associates will become the premier end-to-end solutions provider for building and deploying enterprise applications." The firm said the acquisition would edge out International Business Machines Corp.'s <IBM.N> purchase of Lotus Development Corp. as the largest deal in software industry history. IBM paid $3.5 billion for Lotus at the time the deal closed. Computer Associates expects the deal to add 25 cents to its earnings per share in the first year after it closes, excluding certain charges. The boards of both Platinum and Computer Associates have approved the transaction. Computer Associates' immediate rivals in the software world are Microsoft Corp <MSFT.O> and Oracle Corp. <ORCL.O>, the world's No.1 and No. 2 ranked firms respectively, in terms of revenues. ((New York News Desk 212 859-1700))

To: johnlag who wrote (24986)	3/29/1999 3:00:00 PM
From: timers	Read Replies (1) \| Respond to of 122087

PAYV. I researched all the media sector stocks. I saw this one. Look at their web page! They are ONLY a concept with NOTHING and I MEAN NOTHING to offer. People are throwing their money at NOTHING. And I never hype a stock as a nothing unless I find absolutely NO PRODUCT! You guys go to PAYV's page at www.payforview.com and you tell me. Why someone would throw money at this when the REAL DEAL RNWK is out there is beyond me. (I just got in PAYV for 2000 shares!) (just kiddin ya --Slingblade) Actually on PAYV's page they say "Here it comes!" Well here it comes is right because there's absolutely nothing there now.