Wednesday, August 25, 2004

WSJ.com - Iona Up 20%; Analyst Calls It A Good Acquisition Target

WSJ.com - Iona Up 20%; Analyst Calls It A Good Acquisition Target "Shares of Iona Technologies PLC (IONA) rose as much as 34% Monday after an article in the Sunday Business Post in Ireland quoted Davy Stockbrokers' analysts as saying a change in the software maker's marketing strategy makes it a more attractive acquisition target.
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"A 'significant change' in strategy at Iona Technologies has made the software company a likely acquisition target for multinationals such as Microsoft or IBM," the story said.
Also, Iona's new product, Artix, should gain traction, Dixon said."
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