Software
SAN FRANCISCO -- AutodeskADSK will buy Framingham, Mass.-based MoldflowMFLO, the companies announced late Thursday. The San Rafael, Calif.-based supplier of engineering design software said it would pay $22 a share in cash, or about $297 million after receiving Moldflow's cash on hand. The price represents a 12% premium to Moldflow's closing price of $19.61. The deal is expected to close by the end of June. Moldflow, which develops software for the design of plastic components, had revenue of $55.9 million in 2007. It has 285 employees. The company will expand Autodesk's line of digital prototyping software. Autodesk is maintaining its outlook for EPS, excluding items, of $2.20 to $2.30 for fiscal 2009, which ends in January, CEO Carl Bass said on a conference call. Analysts expect full-year EPS, less items, of $2.22, according to Thomson Financial. The acquisition is expected to dilute second-quarter EPS, excluding special items, by 1 to 2 cents. For the quarter, Autodesk expects to write down $11 million in Moldflow deferred revenue and $14 million in research and development, Bass said. Because of the sizeable revenue write-downs, the company is not assuming any revenue contribution from Moldflow for 2009. Autodesk had 2007 revenue of $1.6 billion and $918 million in cash at the end of the fiscal year. The company may draw upon a line of credit to complete the transaction, Bass said. The computer-aided design software company raised its guidance Apr. 24 for the first quarter ended Wednesday to a range of $590 million to $595 million. Among engineering software stocks, Autodesk may be compared with Parametric TechnologyPMTC.
Revenue jumps 47%.
Investors hope the company's strong quarter could be the start of a long-awaited turnaround.
It will pay $11 million, or $1.68 a share.
Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.
See who made what calls.
3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA
TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.
Take-Two's latest hit receives a perfect score from industry reviewers.
- Cramer's 'Mad Money' Recap: Mad Money's Rally Playbook
- The Polycarbonate Price Cut
- CalPERS Pushes for Clean House at Standard Pacific
- Investing in China: What You Need to Know
- Coming Week: 'Glimmer of Hope'
- Top Stocks With Insider Buying, Buybacks
- New Solar ETF Helps Spread Sector's Risk
- Feuerstein's Biotech-Stock Mailbag
- Need to Own Energy? Here's How to Do It
- My Company Doesn't Provide Health Insurance (Gulp!)
Sponsored by:

BEAT THE STREET GAME:


