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

25p is crucial. It's going to move fast after 25p. IMO

AHOJ,looks like its breaking out.we have touched 22.75

good luck to all holders

Now its down over 5% this morning. Any ideas where we go from here?

Its very dissapointing,twice as many buys to sells and the price is stck inbetweem 20/22,long term for me its a definate HOLD

Lets hope ISYS is on the up from now,its managed to stay above the 19 pence level and recovered some 6.5% from its recent lows,massive volume fri 138MILLION traded,Hope its breaking out towards that new 30pence range.

Good luck to all holders,lets see if this can do an ASHTEAD!!

At last its moving,up 10% last two trading days

Moneyman are you still in on these?

I wonder if there was any truth in last thursdays evening standard of takeover rumour?

100 million shares traded by 10am this morning!!!!.where is everone holding this stock.
Exciting times ahead?

Now 24.50,
Breaking new highs nice and slow up you go

Any reason for the crash?

Hopefully it is thr trend over the last few days ftse being down,all other info i ive
come accross has been positive,fingers crossed.

If oil companies are getting rich, INVENSYS should get richer IMO.

ahoj,seems to be picking up again nice and slow back to its high of 26.50 lets hope

The morning should be interesting!

very nervous,wonder which way it will go will the sale and 250mil dollars towards books?

think i will stay in bed

They are proposing a rights issue but unfortunattly dont know the exact details of the issue

the rights issue is 2 shares for every 5 held @15p each hope this is some use to others

I think all the shorters will have to buy back 40% more than that they shorted, if they don't close before the right issue.
Am I right?

It happenned to Autonomey- Right when it issued shares (2 to 1) it moved it from 230 to 500p. If that calculation was right, this one should move 40% IMO

Some may close earlier, but many of them will miss IMO.

I thiink majority of shorters start to lose after 25p. They will certainly gain if it falls below 15p.