RE: Re: Symantec Buys @stake

[john blumenthal <jblumen () xmission com>]

Service companies are never sold at a premium.  They usually go for slightly
more than their run rate.  My guess is, given the number of people @stake
has had in the field recently, that the deal was between $20 million-$30
million max.  Some of the IP will be used for new product development (does
anyone know if dildog is going with the acquisition?) but the basis of the
deal had to be to jump-start services for Symantec to compete against NAI.

-----Original Message-----
From: dailydave-bounces () lists immunitysec com
[mailto:dailydave-bounces () lists immunitysec com]On Behalf Of djuti thoth
Sent: Friday, September 17, 2004 12:16 AM
To: dailydave () lists immunitysec com
Subject: [Dailydave] Re: Symantec Buys @stake


Since the last time I commented on a companies acquisition I received,
mixed reviews, I thought this time I would just ask some questions.
@stake and MS have always had a very tight relationship.  In fact I
would say MS provided a bulk of their steady revenue (e.g. Dan's
dismissal).  Now that Symantec stands behind @stake and given MS and
Symantecs general disregard for eachother how will @stakers
perceptions of Microsoft change?  I agree with the earlier post that
they certainly can not state true neutrality in hardware selection but
now I'm wondering if their software recommendations will be.
And as a business unit of their new company how will they perform if a
lot of their work is yanked out from under them such as Microsoft
contracts?  And if I'm right about this, then who will MS choose to
give their work to next?
I'm also wondering, why didn't the press release disclose the size of
the deal?  Was it in cash or a stock swap?  Didn't Symantec boast
about it's acquisition price in the past?  Riptech, Security Focus,
Brightmail, etc all gave prices in their press releases.  At least as
I remember it, could be wrong on that one.  It makes me think that the
price here was incredibly high or dirt cheap.
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