creampiesca.com

 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:        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 transactioning 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:        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--CraftClick.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.