What’s Buy.com Buying?

Allscripts +
ChannelHealth
, Buy.com +
Telstreet.com
, Nettaxi.com +
GoHip.com
, Packeteer + Workfire
Technologies
, Spatial + Prescient
Technologies













































 Buy.com (BUYX) to acquire
Telstreet.com

 

  
* 
Amount:
         $8
million

 

  
* 
Terms:
           
1.6 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      C+

 



    ALISO VIEJO, July 13–Buy.com , a leading
    Internet superstore, announced a definitive agreement to acquire privately
    held Indianapolis-based Telstreet.com, an e-tailer of wireless
    phones, service and accessories. The Telstreet.com acquisition will add a
    new product category to Buy.com’s existing
    Web site, as well as allow buy.com to take advantage of the expanding
    marketplace for wireless products and services on a global level. In
    connection with the acquisition, buy.com will issue an aggregate of
    approximately 1.6 million shares of its common stock.


     

 
































 Allscripts (MDRX) to acquire
ChannelHealth

 

  
* 
Amount:
         $250
million

 

  
* 
Terms:
           
8.6 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      C-

 



    NEW YORK, July 13–Allscripts , a leading
    provider of point-of-care e-prescribing and productivity solutions for
    physicians, announced its agreement to purchase ChannelHealth from
    health care information provider IDX Systems in
    a stock deal worth about $250 million. ChannelHealth provides a set of
    Internet-based clinical and productivity solutions for physicians that
    brings the power of the Internet to the practice of medicine, and will
    enable Allscripts to accelerate
    product distribution and enhance its point-of-care solutions. Libertyville,
    Ill.-based Allscripts will acquire ChannelHealth in exchange for 8.6
    million shares, or 21.3% of Allscripts stock on a pro forma fully diluted
    basis of which IDX will receive approximately 90%.


     

 
































 Packeteer (PKTR) to acquire Workfire
Technologies

 

  
* 
Amount:
         $62
million

 

  
* 
Terms:
           
2 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      B+

 



    CUPERTINO, July 13–Packeteer , a leading
    provider of Internet application infrastructure systems, announced that it
    has signed a definitive agreement to acquire Workfire Technologies
    International
    , a developer of award-winning software for accelerating
    the performance of business-critical web applications and content over the
    Internet, intranets and extranets. Workfire brings to Packeteer key Internet caching and
    acceleration technologies that complement and extend Packeteer’s existing
    application bandwidth, traffic and subscriber management solutions. Under
    the terms of the agreement, Packeteer will exchange 2,000,000 shares of
    Packeteer common stock for all of Workfire’s outstanding common stock and
    options.


     

 
































 Nettaxi.com (NTXY) to acquire
GoHip.com

 

  
* 
Amount:
         $84
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      B-

 



    CAMPBELL, July 13–Nettaxi.com , a
    community and portal Website with over 250 million page views per month,
    announced that it has signed a binding letter of agreement to acquire
    GoHip.com, a privately held direct marketing firm and portal. Under
    the terms of the letter of agreement, Nettaxi will acquire 100% of the
    outstanding capital stock of GoHip! at
    the time of the closing in exchange for shares of Nettaxi common stock with
    a current value of $84 million.


     

 
































 Spatial (STY) acquires Prescient
Technologies

 

  
* 
Amount:
         $1.4
million

 

  
* 
Terms:
           
300,000-350,000 shares/$100,000 cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      C

 



    BOULDER, Colo., July 13–Spatial , the
    world’s leading developer of Web-hosted engineering application services,
    interoperability solutions and open, component 3D modeling technology,
    announced the acquisition of Boston-based Prescient Technologies by
    its PlanetCAD division. This acquisition builds on the mission of PlanetCAD
    to deliver Web-based engineering services and software products that
    streamline interoperability, management and delivery of CAD data throughout
    the digital manufacturing supply chain. The acquisition was an asset
    purchase valued at approximately $1.4 million, in which Spatial will issue Prescient between 300,000 and
    350,000 shares of Spatial common stock, depending on the achievement of
    certain performance objectives, and $100,000 in cash i

    n consideration for
    the merger.


     

 

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