Today’s Deals: First Union Deposits Pivot.com

  
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Amount:         $60
million

  
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Terms:           
cash and stock

  
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Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      B+

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  REDWOOD CITY, July 25–Clarent Corporation, a provider of carrier-grade, phone-to-phone Internet Protocol
  (IP) telephony solutions, announced that it has acquired privately-held
  PEAK Software Solutions of Littleton, Colorado. The PEAK acquisition is intended to
  immediately enhance Clarent’s
  intelligent IP telephony and communications software development activities
  by adding 56 highly experienced communications software engineers to its
  R&D team. Clarent will issue common stock and cash with an aggregate value
  of approximately $60 million for all outstanding shares of PEAK.
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* 
Amount:         $8.1
million

  
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Terms:           
480,000 shares

  
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Premium:        n/a

  
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Industry:       
Search/Portal

  
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Scorecard:      C+

• 
  
• 
  CHENNAI, India, July 25–Satyam Infoway Limited, the second largest national provider of Internet access and
  Internet services to consumers and businesses in India, announced that it
  has entered into an agreement to acquire 100% of San Jose, CA based
  IndiaPlaza.com, a leading worldwide India-interest online shopping
  mall. IndiaPlaza.com will be a
  solid strategic fit to Satyam
  Infoway’s emerging portal business. In an all-stock deal, Satyam
  Infoway will acquire IndiaPlaza.com by issuing 480,000 ADSs of Satyam
  Infoway, valued at approximately $ 8.1 million.
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* 
Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B-

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  FARMINGTON HILLS, Mich., July 25–Compuware Corporation
  and Optimal Networks Corporation announced that
  they have entered into a definitive agreement for Compuware to acquire substantially all
  the assets and certain liabilities of Optimal, an award- winning developer
  of e-business performance measurement tools. The addition of Optimal’s
  products strengthens Compuware’s EcoSYSTEMS product line, particularly its
  ability to notify, troubleshoot and prevent application performance
  problems across the e-business and enterprise infrastructure. Terms of the
  deal were not disclosed.
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* 
Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:

        Internet
services

  
* 
Scorecard:      A-

• 
  
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  ROHNERT PARK, Calif., July 25–Next Level Communications
  , a provider of ATM/IP optical interactive DSL broadband
  systems, announced that it has acquired SoftProse, a privately-held
  provider of comprehensive engineering services and products for digital TV
  and communication systems based in Des Moines, IA and San Diego, CA. The SoftProse acquisition provides Next Level the opportunity to enhance its
  video and broadcast technology expertise. Terms of the agreement were not
  disclosed.
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Amount:         $4.35
million

  
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Terms:           
100% cash

  
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Premium:        n/a

  
* 
Industry:        Financial
services

  
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Scorecard:      C

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  CHARLOTTE, July 25–To meet the growing online demand for insurance
  products and services, First Union Corporation
  announced the acquisition of Professional Direct Agency (Pivot),
  which operates Pivot.com. Pivot,
  purchased from ilife.comfor $4.35 million in
  cash., is an insurance Web site providing private labeling, insurance
  fulfillment, and customer service to both businesses and consumers and wi
• ll
  allow First Union to provide
  turnkey insurance solutions through the Internet to other financial
  services companies that are interested in private-label Web sites offering
  insurance products to their customers.
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* 
Amount:         $7.2
million

  
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Terms:           
2.4 million shares

  
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Premium:        n/a

  
* 
Industry:        E-tailers

  
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Scorecard:      C+

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  EMERYVILLE, Calif., July 25–HealthCentral.com, an online provider of healthcare e-commerce and content, has
  agreed to acquire the assets of DrugEmporium.com, the Internet
  subsidiary of Drug Emporium. DrugEmporium.com is
  a full-service online drugstore and pharmacy licensed to fill prescriptions
  in all 50 states, offering round-the-clock e-mail access to its
  pharmacists. Drug Emporium, Inc. will receive preferred stock from HealthCentral.com convertible into
  2.4 million common shares, and the opportunity to earn additional amounts
  of convertible preferred stock if certain revenue targets from additional
  sources of revenue are met.
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* 
Amount:         $175
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
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Scorecard:      A-

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  NEW YORK, July 25–Cisco Systems, the
  largest maker of computer networking equipment, said it would buy Komodo
  Technology, a developer of devices that allow analogue telephones to
  place calls over Internet protocol-based networks, for $175 million in
  stock. Terms of the Komodo
  agreement call for San Jose, Calif.-based Cisco to issue common stock worth about
  $175 million in exchange for all outstanding shares and options of the
  privately-held Los Gatos, Calif.-based company.
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•  

  
* 
Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
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Industry:

        Performance
software

  
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Scorecard:      B

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  SANTA CLARA, July 25–NetIQ, a provider
  of e-business infrastructure management software that enables organizations
  to optimize the performance and availability of their Microsoft Windows NT-
  and Windows 2000-based systems and applications, announced the acquisition
  of Software Realization, a Houston-based professional services
  company focused on delivering packaged training and deployment offerings to
  customers for administration, operations management and network performance
  management product lines. As part of
  NetIQ,
  Software Realization will
  focus on providing support to make channel partners successful.
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* 
Amount:         $38
million

  
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Terms:           
492,000 shares

  
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Premium:        n/a

  
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Industry:       
Speed/Bandwidth

  
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Scorecard:      B

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  SANTA CLARA, July 25–Virataannounced it
  has entered into a definitive agreement to acquire privately-held
  Agranat Systems in exchange for approximately 492,000 shares of Virata common stock, including assumed
  options. The acquisition is expected to provide Virata with Agranat’s extensive capabilities in web
  technologies and network management techniques, enabling Virata to not only
  enhance its current broadband access products but to also deliver solutions
  for new markets such as the growing Internet appliance and home networking
  arenas.
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Amount:         $375
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      B-

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  SUNNYVALE, July 25–iBEAM Broadcasting, a
  streaming media network, announced its agreement to acquire
  NextVenue, a provider of streaming media services to the financial
  community and business enterprise markets. NextVenue provides Wall Street with
  end-to-end streaming solutions for virtual roadshows, multimedia and
  interactive analyst reports. These services will now be delivered via iBEAM’s unique satellite/fiber streaming
  media platform. iBEAM will issue $375 million in stock to NextVenue’s
  shareholders at the closing of the transaction, which is planned for the
  third quarter of 2000.
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Amount:         $170
million

  
* 
Terms:           
5.66 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      B-

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  PRINCETON, N.J., July 25–ITXC Corp, the
  operator of ITXC.net, a global wholesale Internet telephony network, and
  privately-held eFusion, a provider of voice-enabled applications to
  service providers, e-commerce companies, and call centers, have signed a
  definitive merger agreement providing for the acquisition of eFusion by ITXC. After closing, the companies plan the
  rapid deployment of eFusion applications on ITXC.net and further
  development of enhanced applications already under development at ITXC
  which support high quality interactive voice on the Internet. eFusion’s
  shareholders will receive a total of 5,658,986 shares of ITXC’s Common
  Stock, plus additional ITXC shares to cover eFusion’s cash on hand at the
  closing.
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* 
Amount:         $6.8
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
* 
Scorecard:      B-

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  SALT LAKE CITY, July 25–Ezconnect
  announced it has signed a definitive agreement to acquire Encore
  Wireless of Westlake Village, Calif. for $6.8 million in stock and
  cash. As a result of its planned acquisition of Encore, a wireless company
  that delivers private-label wireless Internet solutions, Ezconnect believes it is positioned to
  be the first provider of such private-label wireless Internet solutions to
  the marketplace.
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