Monday, February 28, 2005

Hit #33

SAP announced today that it is buying Retek (RETK), paying $8.5/share, in an all cash deal. While this represents only a 40% premium over yesterday's closing price, this is a 136% premium over my average cost of $3.6/share.

I had mentioned Retek as a target, when posting on an earlier hit, QRS Inc.

The remaining players, including Manugistics (MANU) and Manhattan Associates (MANH) will be acquired soon.

Manugistics (MANU) is highly speculative, but IBM may come to its rescue before it goes belly up.


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