Progress (PRGS) said Wednesday it is offering $4.05 per share in cash for IONA Technologies (IONA), a total equity value of $162 million, or $106 million net of cash and marketable securities. Both companies are publicly traded. The transaction is expected to...
Dennis Byron submits:
Carnac the Magnificent has answered the question in the last envelope in the independent middleware market: Progress Software (PRGS) will acquire Iona (IONA). My prediction that it would most likely be another so-called closed source software provider pairing up with an open source provider turned out to be correct. My prediction that it would be IBM (IBM), Sun (JAVA), TIBCO (Dana Gardner submits:
Financial institutions face competitive pressure to automate processes and move toward straight-through processing [STP], while ensuring compliance with multiple messaging standards. IONA Technologies (IONA) Wednesday released a set of enhancements to Artix Data Services designed to reduce risk exposure and operational costs.
The latest release from the Dublin, Ireland-based IONA includes a comprehensive implementation of SWIFTNet MT Standards Release 2008, a new free online validation service, and new offerings for over-the-counter [OTC] derivatives processing and payments STP.
NAND market in trouble after Apple slashes order estimate. iSuppli cut its global NAND flash outlook to single-digits, down from 27% revenue growth, due to waning consumer confidence amid a U.S. subprime mortgage crisis. "Unless the economy recovers vigorously later this year, last year's DRAM market disaster could be repeated in NAND this year," it says. iSuppli notes Apple (AAPL), the world's number-three NAND buyer for its flash-based iPods, slashed its NAND order forecast significantly.
In Asia Friday, the Nikkei fell 1.44%, adding to Thursday's drop of 0.82%. India's BSE Sensex was down 0.33%. Shanghai and Hong Kong were closed for holidays.
European markets are up mildly. FTSE: +0.4%. CAC: +0.2%. DAX: +0.6%.
U.S. futures are down from Thursday's close as of 6:30 AM. Dow: -0.4%. S&P: -0.5%. Nasdaq: -0.6%.
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Dennis Byron submits: Oracle (ORCL)-BEA (BEAS). Sun (JAVA)-MySQL. Now that the enthusiastic financial-analyst
briefings and press conferences have been held (well at least the
Sun-MySQL was enthusiastic), and now that we?ve had time to crunch the
numbers, let?s look at the details. Who wins and who loses in terms of
competitors, partners, investors and users.
I analyze the two deals in two separate blog posts in order to pick
up some separate issues such as the depressing effect of...
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