I would post this as a comment, but after the aggressive and amusing take by Guy regarding the SAP / Outlooksoft deal, I have to move this back to page 1. While I can't disagree with his perspective regarding valuation and the sheer giddy feeling OutlookSoft shareholders must be enjoying tonight, I think this take is, at a minimum, ironic. His view that SAP just wildly overpaid for an Excel planning tool that directly overlaps with the current technology they have been peddling sounds vaguely familiar...just change the order.
If you apply this spin to the Business Objects deal, then with an outlay of $300M, Business Objects just (over)paid for a back end consolidation plus planning tool set that directly overlaps with the current technology - an Excel front end planning tool - they have been peddling in the market for almost two years. Talk about rejoicing by the shareholders. The difference here is that the Cartesis shareholders are French, so the likelihood is that they are drinking champagne as well. Just better champagne. As my good friend Lance recently noted, Black is the new Black. Funny, he has a kettle at well.
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