Flash in the Pan

ci4net.com + Splash
Communications
, DoubleClick +
Flashbase
, eContent + MPI Media
Productions
, Lucent + Chromatis, Palm
+ AnyDay.com
, PetQuarters+
Allpets.com
, Pivotal + Simba Digital
Conversations
, Prodigy + FlashNet















































 Palm (PALM) acquires AnyDay.com

 

  
* 
Amount:
         $80
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        1.2 million
shares/$20 million cash

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      B

 



    SANTA CLARA, May 31–Palm took a large
    step toward implementing its vision to put the power of the Internet into
    the hands of mobile users, announcing a definitive agreement to purchase
    AnyDay.com, a leader in dynamic, Internet-based calendar solutions.
    The AnyDay acquisition will deliver
    up-to-the-minute personal services simply, anytime and anywhere to
    Palm-powered and other handhelds. The proposed acquisition is valued at
    about $80 million in cash and stock options.


     

 
































< B> DoubleClick (DCLK) acquires Flashbase
stake

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Advertising/Marketing

 

  
* 
Scorecard:
      C+

 



    NEW YORK, May 31–DoubleClick , the
    industry’s leading global Internet advertising solutions company, announced
    it has acquired approximately 60% of the stock of Flashbase, a New
    York-based company that offers a completely automated solution for the
    design and management of online sweepstakes. DoubleClick has agreed to acquire the
    remaining shares of Flashbase in
    mid-June. Financial terms of the deal were not disclosed.


     

 
































 Lucent (LU) to acquire Chromatis

 

  
* 
Amount:
         $4.5
billion

 

  
* 
Terms:
           
78 million shares

 

  
* 
Premium:
     &n

bsp;  n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A-

 



    MURRAY HILL, N.J., May 31–Lucent Technologies , the world’s biggest maker of telecommunications equipment, said
    it would buy fiber optical networking equipment company Chromatis
    Networks
    for $4.5 billion in stock. The purchase of privately held Chromatis is part of Lucent’s effort to strengthen its arsenal
    of products in the red-hot fiber optical networking market.


     

 
































 Pivotal (PVTL) to acquire Simba Digital
Conversations

 

  
* 
Amount:
         $12
million

 

  
* 
Terms:
           
550,000 shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      C+

 



    VANCOUVER, May 31–Pivotal Corporation ,
    the eBusiness Relationship Company, announced the signing of a definitive
    agreement to acquire 100 percent of the common shares of Simba Digital
    Conversations
    , a division of Simba Technologies. Combined with Pivotal’s eRelationship 2000 solution, Simba’s Digital
    Conversations
    technology will improve the way business relationships
    are conducted over the Internet.


    Under the terms of the definitive agreement, Pivotal will issue
    approximately 550,000 shares of common stock to the holders of securities
    of Simba Digital Conversations.


     

 
































 Prodigy (PRGY) acquires FlashNet
(FLAS)

 

  
* 
Amount:
         $50
million

 

  
* 
Terms:
           
5 million shares

 

  
* 
Premium:
        7%

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      C+

 



    WHITE PLAINS, N.Y., May 31–Prodigy Communications announced that it has completed its acquisition of FlashNet
    Communications
    . The acquisition increased Prodigy’s existing 1.5 million managed
    subscribers by over 200,000 new subscribers. At the closing, Prodigy issued
    0.35 shares of Prodigy common stock for each share of FlashNet common stock.


     

 































 PetQuarters (PDEN) and Allpets.com
merge

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      D+

 



    LOS ANGELES, May 31–PetQuarters , a
    catalog and online pet products retailer, announced that it has acquired
    Allpets.com, a privately held company based in Los Angeles,
    California. By integrating the content and community aspects of the Allpets.com Web site with PetQuarters’ fulfillment, customer
    service, product sourcing and distribution capabilities, the combined
    entity is appropriately positioned to provide pet owners with a single
    online source for content, community and commerce.


     

 































 eContent (ETNT) acquires MPI Media Productions
Int’l

 

  
* 
Amount:
         $2.6
million

 

  
* 
Terms:
           
1.35 million shares/$1 million cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      D

 



    WEST PALM BEACH, May 31–eContent , a
    vertically integrated eCommerce marketing company based in West Palm Beach,
    Florida, has acquired MPI Media Productions International, a
    diversified television production company engaged in development,
    production and syndication of high profile programming for major networks
    worldwide. As a condition to closing, MPI shareholders received an initial
    $1,000,000 cash payment and 1,350,000 shares of eContent restricted common
    stock.


     

 
































 ci4net.com (CIFN) acquires Splash Communications
stake

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      C

 



    LONDON, May 31–ci4net.com , the Econet 4
    Europe, announced it has acquired a majority interest in Splash
    Communications
    , one of the UK’s fastest growing PR and marketing
    agencies. Splash Communications recently launched a new division, Splash
    dotComms, geared specifically toward providing an integrated set of
    strategy, creative and communications services to B2B, B2C companies and
    those developing and marketing new technologies.


     

 

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