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Showing posts from July, 2006
A Long Way To Go And A Short Time To Get There That is what HP (NYSE: HPQ) has ahead of themselves as they announce their bid of $52 per share or $4.5 billion to acquire Mercury Interactive Corporation (OTC: MERQ). The prognosticators at Israel’s Globes newspaper called this acquisition on May 1, 2006 but with a price tag of a paltry $3.5 billion. When this “fictitious” article hit the press, Mercury was quick to insist the rumors were false and expertly put a spin around the notion that they wanted to remain an independent software company, put the NASDAQ delisting behind them and continue to serve their constituents with high quality software. What a difference $1 billion can make! In Mercury’s defense, they were moving along in 2006 appearing as though they were going to remain independent and possibly even somehow re-invent themselves. Some examples of this pursuit were the two acquisitions made in 2006 totaling $123.5 million. For those keeping score the tab was $105 million fo