Well it seems that ISYS is waiting for news...maybe it's round the corner !

SSA leads chase to buy Baan

2 May 2003 SSA Global Technologies will shortly conclude the purchase of Invensys' Baan software subsidiary, according to mounting rumours circulating in the City of London.

The revitalised enterprise resource planning (ERP) software vendor SSA GT is set to conclude a deal within weeks for Baan — and for radically less than the $708 million that Invensys, the troubled engineering conglomerate, paid for it in 2000.

SSA GT is awash with cash after raising $75 million from venture capital group General Atlantic Partners just last month. CEO Mike Greenough's plans to make SSA GT a $400 million company by July 2003 are well known. It even retains a head of acquisitions to research potential opportunities.

Both Baan and SSA GT were once top five ERP software vendors.

In April 2002, SSA bought the Interbiz ERP division of Computer Associates, but its revenues still run far short of Greenough's target. In the second fiscal quarter to the end of January 2003, the company posted revenues of $64 million, up 55% on the same period a year earlier.

System Software Associates (SSA) was one of the stars of the early enterprise resource planning (ERP) software sector, but sales collapsed dramatically in the mid-1990s following the botched introduction of new product.

Called BPCS 6, the package was bug-ridden and, before those bugs had been ironed out, the company tried to force users into upgrading. That led to a fall in sales and a crisis of confidence from which it never recovered.

It filed for Chapter 11 bankruptcy protection in 2000 and the assets were purchased by Gores Technology Group in July of that year. In May 2001, another venture capital investor, Cerberus, took a majority stake in the company.

http://www.infoconomy.com/pages/news-and-gossip/group78868.adp

Personally, I believe we will look back in few months time and see what a bargain ISYS was at 13p (or lower) ! DYOR

OUTLOOK Invensys set to report modest Q2 results amid tough trading conditions
AFX


LONDON (AFX) - Invensys PLC, the UK electronics and engineering group, is expected to continue to show a continued recovery in its second quarter and half-year results Thursday amid tough trading conditions and after an extensive restructuring.

The London-based company now comprises five divisions, including Rail Systems, Appliance Controls and Process Systems, which serves the booming oil sector.

According to Deutsche Bank most divisions are expected to show progress, although Appliance Controls has had 'embattled' customers demanding price cuts.

The analysts' consensus forecast is for operating profit from retained businesses of 49 mln stg for the second quarter, unchanged from the same period a year earlier. For the half year operating profit is seen at 81 mln stg, compared to 67 mln in the same period a year earlier.

In its first quarter results Invensys announced an 82 pct rise in operating profit, slightly ahead of expectations, and a narrowing of its pretax loss to 24 mln stg from 69 mln in the same period a year earlier.

nick.huber@afxnews.com

nh/cml

analyser - looks like you were right, and its not taking a few months.

Look at the increase during the last week - fabulous. There are quite a few sells now at 16.25p so may be towards the peak for a while. I'm staying put though for the long term and 20p by Christmas

Another 7 per cent rise today.

24p to come soon IMO

Jumped on board @17.50,looks like this could really start going up to a realyty pricing,Recovery on its way? HEAVy buying

This has been stormimg ahead from 13p, since the 13th of Nov.

jimmy b,lets hope it continues,all the way to?

It looks like it may struggle to get over 20p ,there are bound to be profit takers who were in early , however if it does whoopee ..:-)

Have you ever seen it being traded so heavily? ... 50 million in the first 95 minutes..... Almost all trades above 19.25, many at 19.75p.
I supposed it was cheap when I bought at 21p!

Back to where it started , it's going to struggle to cross that 20p barrier.

check the volume... 126M tooooo high to ignore

Meaning ??

ISYS UP some 20% over last four days

Time to take a look

Next ashtead in the making?

I had a look and I am back on board.

Driver.
I know its volatile,but its breaking out.

GOOD LUCK

After 25p it will be a safe buy. It may still fall to 20p.

AHOJ

Would you mind explaining why you think that @25p

Really interested and always learning,is that from the charts that you have reached this conclusion?
Many thx

yep plus gut feeling etc. 25p has been tested many times. But it should move another 15% to get there. You may like to take the risk and buy now. All IMHO .... DYOR etc. Can you share your views?

AHOJ,
I bought @18 sold @19.75

In yesterday again @20.25 BUt will stay with it,i have a feeling this is going to do an ASHTEAD over the next couple of years.Remember aht? i thought i did well buying @2 selling @67 NOW 2 ish

stay with it,if the pension deficit gets sorted out and i believe it will,as all companies are on the bandwagon,i think it will easily hit 30 short term. But i am staying with this one unless there is any BAD news of course by the time we get to hear about it,its usually too late anyway!

Good luck