Investment: A good time to buy Micro Focus

From: The Independent (London, England) | Date: June 19, 1998 | Copyright information

HIGH-FLYING software company announces big deal. Shares fall 13 per cent.

For a moment yesterday, investors in Micro Focus must have thought the bubble had burst on their hi-tech stock when the shares plunged 67.5p to 452.5p. But they needn't have worried.

Micro Focus's pounds 303m all-share offer for Intersolv, the US software group, opened up huge arbitrage opportunities. So clever investors sold Micro Focus shares because they could get the same exposure at a lower price by buying Intersolv instead. In fact, Micro Focus's biggest acquisition to date looks a good deal. The obvious synergies ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Micro Focus chief leaves after plunge into the red
Newspaper article from: The Independent - London ; THE CHIEF executive of Micro Focus resigned yesterday after the software...Intersolv, the US software company which Micro Focus bought for pounds 300m in June. The switch was announced as Micro Focus confirmed disastrous third-quarter results...
Micro Focus adds Lab. (Stingray Software Company Inc.)
Magazine article from: Software Magazine ; Micro Focus Ltd., Palo Alto, Calif., has acquired Stingray...deal valued at $16 million. Since 1987, Micro Focus has distributed several products developed by Stingray's five employees, said Micro Focus Group Vice President Rick McNees. All five...
Microsoft and Micro Focus Team for 'Enterprise Application Modernization'
Newspaper article from: Wireless News ; Wireless News 07-06-2008 Microsoft and Micro Focus Team for 'Enterprise Application Modernization...WIRELESS NEWS-July 6, 2008-Microsoft and Micro Focus Team for 'Enterprise Application Modernization...http:// www.10meters.com Microsoft and Micro Focus International announced a ...
U.K.-Based Micro Focus Finalises Deal with Maryland's Intersolv.
Newspaper article from: Knight Ridder/Tribune Business News ; ...Tribune Business News Aug. 25--Micro Focus, the London and Nasdaq-quoted...signed last June, a subsidiary of Micro Focus will merge with and into Intersolv...Maryland-based company becoming Micro Focus's only subsidiary. There will...
37: Micro Focus, Palo Alto, Calif. (Top 100: Profiles of the Leading Independent Software Companies)(Brief Article ) (Cover Story)
Magazine article from: Software Magazine ; Palo Alto, Calif. Micro Focus continued to significantly increase...was $88.4 million in 1992. Since Micro Focus is listed on both the New York and...million. On the technological side, Micro Focus' software development investment...
Micro Focus slightly ahead.
Magazine article from: Investors Chronicle - magazine and web content ; Mainframe software vendor Micro Focus says it is on track for double-digit growth this year. Tim Bradshaw Micro Focus International says second-half revenue...marginally to around $220m (GBP113m). Micro Focus also looked to address s ome analysts...
Micro Focus shares tumble as chief quits
Newspaper article from: The Independent - London ; Micro Focus, the computer and software group, yesterday...5p to pounds 17.82. A source close to Micro Focus said Mr Gumucio's exit reflected the...unavailable for comment last night. Although Micro Focus "took a step in the right direction...
Micro Focus Continues Support for COBOL
Newspaper article from: Wireless News ; Micro Focus Continues Support for COBOL WIRELESS NEWS-November 1, 2008-Micro Focus Continues Support for COBOL (C)2008 10Meters - http://www.10meters.com Micro Focus, a provider of enterprise application management and modernization solutions...
Cobol visionaries build on microcomputer success. (Micro Focus Inc company profile) (Cover Story: Micro Focus)(Company Profile) (Cover Story)
Magazine article from: Software Magazine ; ...trend benefits software firms like Micro Focus that specialize in PC Cobol. Headquartered in Palo Alto, Calif., Micro Focus markets Cobol software tools. We were right after all, said John Beggs, Micro Focus president of the Packaged Products...
Micro Focus floats after price is cut.
Magazine article from: Investors Chronicle ; Micro Focus - a former subsidiary of Merant - has...expressed concerns over the longevity of Micro Focus' business model. The company supplies...to all-new platforms, an approach that Micro Focus chief executive Dr Tony Hill says saves...

Find more facts and information related to the article "Investment: A good time to buy Micro Focus"