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by farnsworthy 2987 days ago
"It was an offer like no other offers. The groom asking for Powersoft's hand in marriage was Sybase and the billion dollar dowry offer was very seductive. So a wedding/merger was arranged on February 13, 1995. I hope they took pictures during the wedding ceremony and honeymoon because the "paper valuation" (the deal was done with Sybase stock—worth $904m) didn't last long. The bad news arrived in the form of fabricated (Sybase) sales results. Sybase stock took a tumble, along with the fortune of many Powersoft executives..."