Hit #81

Just a week after giving me Hit #79, Intrado, West Corp is also responsible for #81, with the announcement today that it is acquiring Raindance Communications (RNDC).

The takeover, an all-cash deal, offers Raindance shareholders $2.7/share, a 20% premium over my average cost of $2.25/share.

With Centra (Hit #64), Placeware and a few other players swallowed earlier, only the largest player, WebEx (WEBX), is left standing. The real question is - for how long ?

I bought into WebEx during the 2002 slump and will be holding onto it till the eventual takeover.

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Previous hit - J. Jill (#80)