Merger and Acquisition #6: BMC Software Inc.
The sixth potential take over target for the cash-rich big tech companies according to Bloomberg BusinessWeek is the Houston, TX based BMC Software Inc. (Nasdaq:BMC). BMC Software provides data center operators with virtual dashboard to coordinate all the machinery and applications data center oversees. Since HP and IBM already provide similar products it is up to Dell, Cisco or Oracle to buy the $7.8 billion company in order to enter into the market.
Since hitting the low of $20 in late 2008, shares of BMC Software have since doubled to recent high of $46 per share. The company has solid financials with consistent net income and strong cash position. The technical chart shows weakness as the stock has dropped below 20 day moving average and it going toward the 50 day moving average of $42 per share. The recent market pull back could push the stock price down further yet may also provide better opportunity for take over.
Since hitting the low of $20 in late 2008, shares of BMC Software have since doubled to recent high of $46 per share. The company has solid financials with consistent net income and strong cash position. The technical chart shows weakness as the stock has dropped below 20 day moving average and it going toward the 50 day moving average of $42 per share. The recent market pull back could push the stock price down further yet may also provide better opportunity for take over.
posted by Stock Geek at
11:43 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home