Before the bell yesterday IBM (IBM) announced that it was acquiring Cognos (COGN) for $5 billion. It pays to read our articles! Though the majority of analysts started to downgrade Cognos due to valuation, I spelled out in my previous article why this was not the case. It will be interesting to see if another suitor emerges.
For the time being, Cognos is going for $58 cash per share which looks like the top being that SAP AG (SAP) is bogged down for the moment and Oracle (ORCL) is still futzing around with BEA systems (BEAS).
Just read the previous article from 10/16/2007 for the rest.
Related Articles
|
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
More by Saul Sterman
Articles on related themes
Mergers & Acquisitions
Enterprise Software
Enterprise Storage
Hardware Components