http://keiretsunews.com/issue200410/stream_theory.html

Stream Theory, Inc.

http://www.streamtheory.com/

We are pleased to announce that one of Keiretsu Forum's portfolio companies, Stream Theory, Inc., is being acquired this month by UK-based Tadpole Technology at a valuation of US$25 million dollars.

Tadpole is a publicly traded company on the London stock exchange. The deal is scheduled to close within a few weeks and includes a follow on earn-out provision in for the benefit of existing shareholders which could bring the total value of the acquisition to as much as US$175 million over the next two years.

More...

M

Taken from Yahoo

MEDIUM TERM COMMENTARY
Medium term price trend Tadpole Tech change from bearish to bullish this week. This market keeps a relative behavior lower -16.96 than FTSE 100 INDEX. Volatility has been decreasing during last month. Be alert to the proximity of resistance 12.25, and a possible retracement from this level

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anyone any views on the impact of all the extra shares to be floated tomorrow?

judging by recent trading no-one has a clue.

Superrod - correct, none of us have a clue. I had assumed that in the run up to the the dilution that the share price would fall but "it seems" that the dilution has already been factored in - otherwise we would not have recovered from the sell off that took us down to 9.5p. Of course, everyone might wake up tomorrow and see red. Perhaps the static nature of the price reflects the continuing "mystery" of the deal to most holders. The deal sounds good but it does make price predictions even harder over the next year.

so thats cleared that up..........LOL

tomorrow will tell....i would say it bodes well that a mm is paying 2 ticks above bid for sells, but it wouldnt be the first time a mm strayed from their primary function to make a market and take a chance on the market like the rest of us punters.

could also be that tad will continue to trade in this range for weeks or months yet..........oh for a crystal ball

Superrod
IMO there will be no impact as no one can sell the new shares for 60 days.
If they could sell them I doubt they would as they know what deals they already have lined up.
The softbank deal is a massive deal and the holders of the new shares know the potential of the deal and the current shareprice doesn't reflect the potential hence why would they sell.
They might sell at 50p! There again they might not.

The present chart position is evolving positively, but at the moment it's all potential. The price lies on/above the 50 day EMA and not far below the 200 day EMA. Both are almost flat and it wouldn't take much to push above the 200day EMA. As long as the price then stayed above it on decent volume, a new medium/long term trend will be confirmed.

yuff
dont think im being negative ( been a tad holder over 10 years ) but if the softbank deal is so massive, how come no buys to speak of, no volume, no nothing?

Indieman

I have included the EMA's that you refer to. I am not too clever with
pasting graphs etc, but I think I have done it correctly.

M

superrod
Until its signed and sealed people will remain weary about the deal, also the only part that has been released relates to the $9m initial payment, the fact that Steig & co negotiated up to $150m in the first 2 years lets us know what he expects to get from the deal and as he expects to take the majority in shares one gets the feeling he doesn't expect the share price to drop when his deals hit the public domain.
Steig looked a pretty switched on character and with broadband penetration increasing daily so does our potential.

http://www.macworld.co.uk/news/index.cfm?NewsID=9950&Page=1&pagePos=11Adobe targets US colleges
By Macworld staff



Adobe is offering a new licensing program to university campuses in the US.

The new program will allow institutions to distribute Adobe software products at a lower cost to students and staff for use in teaching, learning and administrative activities.

Products on offer include Acrobat, Creative Suite and Adobe Video Collection.

It is also possible to earn points toward further discounts on other purchases as part of a Contractual Licensing Program (CLP) agreement. Under this program, students own the license, allowing them to continue using the Adobe software products after they graduate or leave the institution. Students are also eligible to purchase upgrades and support options.

The program is running in North America only at the moment.

RNS Number:2967E
FTSE
20 October 2004




Tadpole Technology PLC (UK): Shares In Issue UpdateChanges In FTSE Indices

20 October 2004
Following the issue of new shares of Tadpole Technology PLC (UK) resulting from an acquisition of Stream Theory Inc.
(Non-Constituent), FTSE announces the following changes:

INDEX CHANGE EFFECTIVE FROMSTART OF
TRADING
FTSE All-Small Tadpole Technology (UK 0870593) will remain in 27 October 2004
the index with an increased shares in issue
total of 374,821,713 and an unchanged
investability weighting of 100%.
FTSE Fledgling Tadpole Technology will be treated as above. 27 October 2004
FTSE techMARK All-Share Tadpole Technology will be treated as above. 27 October 2004




For index related enquiries or further information about FTSE please contact:
Client Services in UK: Tel: +44 (0) 20 7448 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 641 6166
Client Services in Asia Pacific: Tel: +852 2230 5800 or +65 6223 3738 or +81 3 3581 2796

Or, email your enquiries to info@ftse.com or visit our website at www.ftse.com
Terms of Use | Copyright (c) FTSE


This information is provided by RNS
The company news service from the London Stock Exchange
END

FTSURVVRSNRRUAA

Looks right to me ML, thanks.

Yuff,
Not sure why you should be tired prior to the actual announcement; stress? (Joke).

Despite the EGM and documents, I get the feeling most people still don't feel that they understand the financial side of the deal. I know I don't, but then I don't make the effort to understand it. Lack of understanding tends to breed either inertia or concern, neither being positive. What is needed is a positive price trend so that people can become positive on the basis that others must be happy with the deal otherwise they wouldn't have bought.

Pregnant is the word right now.

i thought you were past it Indie LOL

Ah, but the big question is past what? Stress? Weariness, Wariness, Pregnancy?

Nope, I still look pregnant.

Web site update, starting to come together!

http://www.tadpoletechnology.com/html/


M

ML
Things looking quite good, price seems to be rising for no apparent reason at the moment with vols low.
I imagine now that we have the acqiuistion out of the way we can look forward to updates on current contracts especially MS and the contracts Steig referred to at the EGM.

Indie
Why do you think I am tired?

yuff

not remotely sure on the finer workings of the market, but i took out a couple of T trades for 11p and 11.5p a couple of weeks ago. neither showed, but i have now covered ( i NEVER buy on tick ). maybe others have done the same and the dosh is now a hard reality.

http://www.gamespot.com/news/2004/10/21/news_6111087.html

Hudson launching fantasy MMORPG

The Japanese publisher gives its online game a new anime-style look for its pan-Asian debut. The beta begins October 28.
TOKYO--Japanese game publisher Hudson, in collaboration with broadband provider BB Serve, announced today that its massively multiplayer online role-playing game for the PC, Master of Epic: The Resonance Age Universe, will begin beta testing this month. Hudson is developing the fantasy-style game, while BB Serve, a subsidiary of major IT company Softbank, is putting up part of the game-development budget and is also providing the game's network infrastructure and distribution route.


Master of Epic has been in development at Hudson for the past three years, and was beta-tested from March to December of last year. At the time, Master of Epic was called Resonance Age: Lost Overlord, and it featured medieval worlds drawn with realistic Western-style graphics. But along with the change in title, the game now features an anime-style look.

One reason for the change is that Hudson is targeting the game at an Asian audience. The company is already localizing the game for China, where it is slated to launch next summer. Hudson revealed today that it has received offers from companies interested in launching the game in Korea and Taiwan.

For the time being, the Japanese beta test of Master of Epic will begin on October 28. Any user can participate by creating an account with BB Serve's online gaming portal, BBGames. But once the game is officially released, only members of Softbank's ISP, Yahoo BB, will be able to create accounts. (All beta testers will be able to play the final game, regardless of ISP.)

By Hirohiko Niizumi -- GameSpot
POSTED: 10/21/04 11:58 AM PST