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1 Billion for Ascentail?

Posted in 2005

Topics: General Discussion

nobody — — source: Usenet: comp.databases.informix

Man don't you feel ripped off that PG is selling Ass-n-tail for the same price he sold off Informix to IBM? Dont get me wrong, IBM isn't a bad home, however, man, We wuz robbed! Maybe now IBM realizes the bargin basement price they got for Informix? Can you imagine a segment on cash in the attic or antique road show, where Steve Mills comes in with the informix placard and says he bought it for a billion? Thats akin to finding a masterpiece of modern art at a garage sale for 15 dollars only for it to be worth 15,000. (You can switch to pounds, yen, sheckles ... you get the same idea.) I wonder if this means that PG is retiring? But hey, what do I know? ;-)

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christopherc@gmail.com — — source: Usenet: comp.databases.informix

nobody wrote: > Man don't you feel ripped off that PG is selling Ass-n-tail for the same > price he sold off Informix to IBM? Actually, it appears IBM is paying more for Ardential than it did for Informix: $1.1 billion dollars. I hadn't realised there was that much inflation. Sincerely (His and hers), Christopher B| Pardon me, there seems to be some irony in my eye...

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Serge Rielau — — source: Usenet: comp.databases.informix

christopherc@gmail.com wrote: > nobody wrote: > >>Man don't you feel ripped off that PG is selling Ass-n-tail for the > > same > >>price he sold off Informix to IBM? > > > Actually, it appears IBM is paying more for Ardential than it did for > Informix: $1.1 billion dollars. > > I hadn't realised there was that much inflation. > > Sincerely (His and hers), > Christopher B| > > Pardon me, there seems to be some irony in my eye... > Depends on how much of the $1B they got from IBM Ascential still has.... If they just put the, say, $800M in the bank (or at least not loose it) then IBM gets it for $300M incremental over the original Informix purchase. Cheers Serge -- Serge Rielau DB2 SQL Compiler Development IBM Toronto Lab

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Steve Pearson — — source: Usenet: comp.databases.informix

At first glance it appears PG is selling the last 21% of Informix/Ardent to IBM for $0.1B more than he sold the prior 79% for. But it's not QUITE that bad: (1) According to Yahoo, ASCL has just north of $480M in cash. (2) ASCL bought one or more other companies with some other of the IFMX cash in the meanwhile. So for net $680M or so, IBM is getting the old 20% plus some delta. That still sounds like a better piece of salesmanship than was exercised before.

↪ replying to nobody
Thomas Ronayne — — source: Usenet: comp.databases.informix

nobody wrote: > Man don't you feel ripped off that PG is selling Ass-n-tail for the same > price he sold off Informix to IBM? > > Dont get me wrong, IBM isn't a bad home, however, man, We wuz robbed! > Maybe now IBM realizes the bargin basement price they got for Informix? > > Can you imagine a segment on cash in the attic or antique road show, > where Steve Mills comes in with the informix placard and says he bought > it for a billion? > > Thats akin to finding a masterpiece of modern art at a garage sale for > 15 dollars only for it to be worth 15,000. (You can switch to pounds, > yen, sheckles ... you get the same idea.) > > I wonder if this means that PG is retiring? > > > But hey, what do I know? ;-) > Fine with me -- I hung on to my Informix stock the last time...