That was an underwater deal for sure. $32M was a fire sale.

Ron

Anne Thomas Manes wrote:
http://www.progress.com/about_us/actional/index.ssp

I think this was a very smart move by Progress. I suspect the investors in Actional are less than thrilled, though.
Purchase price: $32 M; investment to date: $85 M.
(That does not include the sale of the Actional adapters to iWay in 2003 -- financials were not disclosed, but I doubt that that sale made a significant dent in the loss.)

Anne

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Ronald Schmelzer
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