Deploying cash from NetIQ buyout

Early this week I received cash for my NetIQ shares. NetIQ was Hit #94.

I have used the cash to open small positions in five different stocks.

• Old National Bancorp (ONB): An Indiana bank, paying around 4% dividend, with insider buying. A takeover target for a larger regional/state bank.
  
• Smith and Nephew (SNN): A British orthopedic device maker, yielding 1.6%, and at its current price an attractive target. It has been rumored to be a target before.
  
• Deutsche Telecom (DT): Will be a target for private-equity groups. Current yield of around 5.5% is attractive.
  
• Nabi Biopharmaceuticals (NABI): A speculative buy.
  
• SpaceDev: Another extremely speculative buy - a maker of micro-satellites.