Oracle's Next Victim?
Here's a fun guessing game--who's Oracle (NASD: ORCL) gonna but out next? Tech blogger Sramana Mitra thinks it's Manhattan Associates (NASD: MANH). It follows nicely from Oracle's recent purchase of ProfitLogic and Retek, companies that make software for the retail market:
The next acquisition for Oracle, therefore, ought to be Manhattan Associates (MANH). It’s a well-run company hadquartered in Atlanta, GA, specializes in Warehouse Management systems and the likes, claims the who’s who of the retail business as customers, and is quite a cheap deal @ $600M Market Cap. [2004 Sales: $215M; Gross Margin: $125M; Operating Margin: $93M; Net Income: $22M].
An interesting play, perhaps as the analysts are forecasting double-digit earnings growth next year. Oh yeah, and the company has $130 Million in cash to sweeten the pot.
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