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2/08/06 6:57AM
Bought out $8.67
Segue Software to Be Acquired by Borland Software for $8.67 Per Share
Wednesday February 8, 4:01 am ET
LEXINGTON, Mass.--(BUSINESS WIRE)--Feb. 8, 2006--Segue Software, Inc. (NASDAQ-CM: SEGU), a leader in Software Quality Optimization(TM) (SQO(TM)), today announced... login to read the rest
SEGU managed to turn a very slight operating profit for the 1st qtr.
Previous 1st qtrs
1999: -.78
2000: -.24
2001: -.48
2002: -.25
2003: b/e
SEGU generated .07 in CF per share (on a $2 stk)
1st qtr is the... login to read the rest
Okay... SEGU did not work out exactly to the time frame i was looking ...
However,
Last week rpted first profitable qtr in 4 yrs
11% Operating Margin
19% software Lis growth
6% deferred revs growth
Most importantly channel partners... login to read the rest
guided for .02-.05 came in @ .09 in EPS
I shooting for .35-.40 CF and .30 in FCF 2003
EV= $1 per share
Ev/FCF = 3.1x pretty cheap for high margin software company with 19% software... login to read the rest
SEGU.. 60% of mkt cap cash, and reported FIRST profitable quarter first in 5 yrs, .02-.05 eps (been restructuring last 18 months). Anyways, Competitor MERQ pre-announced upside yesterday.. +4 today and 8.6x Sales vs. SEGU... login to read the rest
Pre-announced Revs should be up @ least 12% to as much as 20% qtr/qtr ($7.5-8mm). First UPTICK in revs in 2 YEARS. This means that company should at come very close to generating +... login to read the rest
Hi, Zach --
I like this idea, and I appreciate the effort that you've put into presenting it.
I wonder about the viability of any second-place player in this space. There are strong network effects involved. Segue... login to read the rest
Are you sure you want to close this position Segue?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
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