Comments on: The Other Shoe Drops http://andyonenterprisesoftware.com/2007/11/the-other-shoe-drops-2/ Andy Hayler, founder of Kalido and The Information Difference, gives his views on the enterprise software market. Issues covered include data warehousing, master data management, business intelligence and data quality. Sun, 12 Oct 2008 22:05:16 +0000 http://wordpress.org/?v=2.0.3 by: admin http://andyonenterprisesoftware.com/2007/11/the-other-shoe-drops-2/#comment-48312 Tue, 13 Nov 2007 17:35:44 +0000 http://andyonenterprisesoftware.com/2007/11/the-other-shoe-drops-2/#comment-48312 I am not a stock market expert but this takeover was scarcely a shock, so some of it may have already been reflected in the price. Also the price had a nice uptick on the Friday prior to the announcement, which I am sure was in no way connected to any kind of impropriety or insider dealing at all, just pure chance. See: http://blogs.barrons.com/techtraderdaily/2007/11/08/whats-up-with-cognos/ Overall, 3.5 times revenue is a good, by which I mean fair, price. If it is low, then someone else might always put in a counter bid. I am not a stock market expert but this takeover was scarcely a shock, so some of it may have already been reflected in the price. Also the price had a nice uptick on the Friday prior to the announcement, which I am sure was in no way connected to any kind of impropriety or insider dealing at all, just pure chance. See: http://blogs.barrons.com/techtraderdaily/2007/11/08/whats-up-with-cognos/

Overall, 3.5 times revenue is a good, by which I mean fair, price. If it is low, then someone else might always put in a counter bid.

]]> by: Nigel http://andyonenterprisesoftware.com/2007/11/the-other-shoe-drops-2/#comment-48306 Tue, 13 Nov 2007 16:52:21 +0000 http://andyonenterprisesoftware.com/2007/11/the-other-shoe-drops-2/#comment-48306 Why only a "modest premium"? Did the stock price already discount this outcome, or did the (quite significant) rise in value over the last few weeks catch up with IBM's wallet faster than they expected? Regards Nigel Why only a “modest premium”? Did the stock price already discount this outcome, or did the (quite significant) rise in value over the last few weeks catch up with IBM’s wallet faster than they expected?

Regards Nigel

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