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

Up 5% @close fri,Seems to be holding steady @21p level,still off its recent high 23p,
Where to now,Holding and hoping,any thoughts driver would be most appreciated good or bad.

capetown
I'm holding but don't know why or even why I bought, now on the back burner till they hit 100p one day.

That will be one hell of a day!!
Hope you are right

Chart looks good heading up slowly but surely.

Interseting that it closed up,with markets down,and more sells than buys

Interesting ,to early to spell !!

Up she goes,nice and slow

And up she goes again

Small article in shares today,
technicall analysis sugests short term move to 40pence

Fill ya boots

capetown
Thanks for that and a new Finance Director can't be bad.

this baby should wake up soon. We need an update.

ahoj
is there a trading update due out soon?
was very tempted to top up today but not confident enough !,did you see the article in shares magazine?

capetown
Was the article in shares magazine positive.

driver,it was positive in that it was a technical annalysis,looking at the trend and it suggested target 40pence,with a stop loss of 15pence
hope this helps

See Shares 19 Jan p49, key date is 23rd Feb for third-quarter results. Picked more up in early trade this morning at 20.47p - nice move forward today, keep buying!

capetown
Cheers.

Capetown,
Very high activity in oil industry should help Invensys. I was expecting this to happen when I bought a year ago at 22p. I'm hoping for a fast recovery this year.

Same here mr ahoj,
My average is 20.50
if the chartists are right we have 40p to look forward to.

RNS,standard life uped their interest to over 10%
Lets see if we get through the 22p barrier this week
trading update next week

when next week?