IconoclasT wrote:
] flynn23 wrote:
] ] ] Under the terms of the agreement, SunGard stockholders
] ] ] will receive $36 in cash for each share of SunGard common
] ] ] stock they hold. Some $500 million in bonds will remain
] ] ] outstanding. In a morning conference call with analysts,
] ] ] SunGard valued the total transaction at $11.3 billion,
] ] ] including common shares outstanding, stock options, debt
] ] ] and excluding cash on the balance sheet.
] ]
] ] More proof that the market does not understand how to invest
]
] ] in technology infrastructure companies. The fact that they
] can
] ] go private, move quicker, not worry about quarterly earnings
]
] ] pressure, and actually MAKE MONEY is a big middle finger to
] ] Wall Street. I wonder what inFlow's strike price was set at?
]
]
] On a similar note, regulatory CRAP like Sarbanes Oxley will
] only serve to push more publicly traded companies private.

I'm kinda a fan of SOX. I know that it's a complete boondoggle that Congress gave the accounting industry (the same industry that is mostly responsible for the distrust of companies which prompted the law), but most of the regulations are things that companies should be doing anyways. It's unfathomable to me that multi-billion dollar public companies would still have their payrolls running in an Excel spreadsheet, located on a publically accessable server, without a password. That's just insane.

Particularly around systems where revenue is recognized from, it should never be easy or unaudited for someone to make a change. Now you can still cook the books, but it will be much harder for you to hide it from your own people (HealthSouth, Adelphia, Tyco, etc).

RE: Sungard goes private