PaylinX Cashes in its Chips

 JDS Uniphase (JDSU) to acquire SDL
(SDLI)

  
* 
Amount:         $41
billion

  
* 
Terms:           
3.8 million shares

  
* 
Premium:        90%

  
* 
Industry:       
Speed/Bandwidth

  
* 
Scorecard:      B+

SAN JOSE, July 10–JDS Uniphase and
SDL, Inc. announced their definitive agreement
to merge in a transaction valued at approximately $41 billion. The merger
agreement provides for the exchange of 3.8 shares of JDS Uniphase common
stock for each common share of SDL. The merger of JDS Uniphase and SDL is expected to facilitate the creation
and deployment of high-capacity, flexible optical networks by accelerating
the delivery of advanced products and basic building blocks of optical
networks.




 

 PUMATECH (PUMA) to acquire Dry Creek
Software

  
* 
Amount:         $5.8
million

  
* 
Terms:           
154,000 shares/$1.99 million in cash

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      A-

SAN JOSE, July 10–PUMATECH , the leading
provider of the essential software infrastructure for the ubiquitous mobile
Internet, announced that it has signed an agreement to acquire Dry Creek
Software of Campbell, Calif., a California Limited Liability
Corporation specializing in the rapid creation of software solutions that
allow for transparent data access between mobile devices, enterprise
servers and Internet applications. Under the terms of the definitive
agreement, PUMATECH will pay
$1,987,500 in cash and issue approximately 154,000 shares of PUMA common
stock in exchange for all outstanding Dry Creek memberships and economic
interests. Dry Creek will form the core of PUMATECH’s new Professional
Services Organization, which will deliver customized, turnkey solutions
based on the MAP infrastructure for wireless carriers, ISPs, Web portals,
corporate enterprises and more.




 

 CyberSource (CYBS) acquires PaylinX

  
* 
Amount:         $134
million

  
* 
Terms:           
8.4 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      B-

MOUNTAIN VIEW, July 10–CyberSource , a
leading provider of mission-critical e-commerce transaction services,
announced that it has signed a definitive agreement to acquire
PaylinX. The PaylinX
acquisition will allow CyberSource
to provide businesses selling through multiple channels with an
enterprise-wide payment software solution that has fully integrated access
to CyberSource’s suite of e-commerce transaction services. CyberSource has
agreed to issue approximately 8.4 million shares of its common stock to
acquire all of the outstanding stock of PaylinX.




 

 DG Systems (DGIT) to merge with StarGuide Digital
Networks

  
* 
Amount:         $247
million

  
* 
Terms:           
41.3 million shares

  
* 
Premium:        n/a

  
* 
Industry:  &nb

sp;     Internet
services

  
* 
Scorecard:      C+

DALLAS & SAN FRANCISCO, July 10–DG Systems , the leading digital distributor of advertising to the
broadcast industry, and privately-held StarGuide Digital Networks, a
leading provider of long form audio and digital network services to the
broadcast industry, announced that they have entered into a definitive
agreement to merge in a tax free stock-for-stock transaction. The combined
entity will form the broadcasting industry’s premiere delivery solution for
digital multimedia content featuring proprietary satellite and Internet
transmission technology. Under the terms of the agreement, StarGuide will merge with DG Systems through the issuance of
approximately 1.7 DG Systems shares for each outstanding share of StarGuide
Common Stock. In aggregate, DG Systems will issue approximately 41.3
million basic shares and assume options and warrants covering approximately
10.1 million shares.




 

 Bluestone Software (BLSW) acquires Arjuna
Solutions

  
* 
Amount:         $13.23
million

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B+

PHILADELPHIA, July 10–Pioneering the next-generation model of
distributed tr

ansactioning systems for wireless and Internet applications,
Bluestone Software , a leader in business-to-Web
and wireless technologies, announced that it has acquired Arjuna
Solutions Limited of Newcastle, England for $13.23 million. Arjuna is one of the world’s leading
centers of expertise in standards-based, distributed transactional and
workflow software, and the developers of the industry’s first and only
commercial transactioning system developed entirely with Java technology,
and will bolster Bluestone’s
Internet Operating Environment with an embedded, high-performance, pure
Java Transaction Service.




 

 Digital Insurance acquires HealthAxis
(HAXS)

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        E-commerce
enablers

  
* 
Scorecard:      C

ATLANTA, July 10–Digital Insurance, an Internet enabled
technology providing an online distribution channel for insurance carriers
to serve small and medium sized businesses, has announced the acquisition
of the HealthAxis retail Web site, the next
generation Web site, the existing HealthAxis.com block of in-force insurance
business, certain hard assets, and a strategic partnership with HealthAxis
for critical back-end technology services to power Digital Insurance’s
health insurance e-platform.




 

 L90 (LNTY) to acquire webMillion

  
* 
Amount:         $18
million

  
* 
Terms:           
2 million shares

  
* 
Premium:        n/a

  
* 
Industry:       
Advertising/Marketing

  
* 
Scorecard:      B-

LOS ANGELES, July 10–L90 announced that
it has agreed to acquire webMillion, one of the Industry’s leading
direct marketing promotions companies. Adding to L90’s tremendous growth in the first half of
2000, the webMillion acquisition is
expected to enhance L90’s sweepstakes, promotions, and direct marketing
business while strengthening the platform on which it develops
sophisticated, integrated advertising packages for its clients. Under the
terms of the merger agreement, L90 will issue 2.0 million shares of L90
stock to the webMillion stockholders.




 

 Intuit (INTU) to acquire Venture Finance
Software

  
* 
Amount:         $120-$150
million

  
* 
Terms:           
100% cash

  
* 
Premium:    &

nbsp;   n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      B

MOUNTAIN VIEW, July 10–Financial software provider Intuit
said it will buy the shares of Venture Finance
Software it does not already own for $120 million to $150 million in
cash. Intuit initially acquired a stake
in the privately held technology company in May 1998, and the final
purchase price will be calculated based on a formula negotiated at that
time. Based in Mountain View, Calif., Virtual Finance Software developed
technology that enabled Intuit to move functions of its popular Quicken
financial software from desktop computing to Web-based applications, such
as enabling its customers to view and pay bills online, as well as monitor
and manage their personal finances.




 

 CraftClick.com (CTCK) acquires
Craftmall.com

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      C-

PLAYA DEL REY, July 10–Craf

tClick.com
announced the acquisition of Craftmall.com, adding another popular
and highly-trafficked online Arts & Crafts destination to the CraftClick.com Network. Craftmall.com, a Louisiana-based
company, has been in operation since 1996, and boasts and average of over
380,000 page views per month.