Merger and Acquisition #1: F5 Networks
The big techs, HP, Oracle, IBM, Cisco Systems Inc. and Dell Inc., with a collective $100 billion in cash, are looking for potential targets to boost their influence in the technology landscape by searching for potential merger and acquisition targets in areas such as storage, software and security. According to October's BusinessWeek, one target of interest is the Seattle based F5 Networks (FFIV). F5 Networks's core technology allows optimization of delivery of network-based applications. So in order for company like HP or Oracle to go against network hardware and software giant Cisco, F5 Network is a great buy. F5 Network has market cap of $9.87 billion and both revenue and profit have been rising continuously. Shares are currently trading around all time high of $122.82 per share and the trend is still pointing up.
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