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Sterling Commerce Inc

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BUSINESS
February 23, 2000 | From Bloomberg News
SBC Communications Inc., the largest U.S. local telephone company, said Tuesday that it has agreed to buy Sterling Commerce Inc., a provider of electronic commerce software and services to businesses, for $3.9 billion in cash. SBC is offering $44.25 for each Sterling share, a 40% premium to Sterling's closing price Friday. Companies including Wal-Mart Stores Inc. and Johnson & Johnson use Sterling's products to buy and sell goods and services online.
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BUSINESS
July 13, 2002 | Bloomberg News
SBC Communications Inc. plans to sell its Sterling Commerce software unit for about $1.5 billion, according to people familiar with the matter. SBC bought the unit two years ago for $3.5 billion in cash, which represented a 48% premium to Sterling Commerce's share price at that time. The second-biggest U.S. local phone company had to take a $1.8-billion write-down on the electronic-commerce software unit in the first quarter because of the decline in its value.
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BUSINESS
July 13, 2002 | Bloomberg News
SBC Communications Inc. plans to sell its Sterling Commerce software unit for about $1.5 billion, according to people familiar with the matter. SBC bought the unit two years ago for $3.5 billion in cash, which represented a 48% premium to Sterling Commerce's share price at that time. The second-biggest U.S. local phone company had to take a $1.8-billion write-down on the electronic-commerce software unit in the first quarter because of the decline in its value.
BUSINESS
February 23, 2000 | From Bloomberg News
SBC Communications Inc., the largest U.S. local telephone company, said Tuesday that it has agreed to buy Sterling Commerce Inc., a provider of electronic commerce software and services to businesses, for $3.9 billion in cash. SBC is offering $44.25 for each Sterling share, a 40% premium to Sterling's closing price Friday. Companies including Wal-Mart Stores Inc. and Johnson & Johnson use Sterling's products to buy and sell goods and services online.
BUSINESS
June 24, 1996 | From Bloomberg Business News
Taney Corp., a family-run staircase maker nestled in the Blue Ridge Mountains, is looking forward to the day when it can electronically exchange invoices and purchase orders with its trading partners as easily as big businesses do today. Thanks to the rising popularity of the Internet, that day may be close at hand. The small business based here is carving out a private virtual-trading community with its distributors on the global computer network. With the help of a new service from AT&T Corp.
BUSINESS
May 11, 1999 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
To commit yourself to holding a stock for a year, you've got to believe in the stock. But to commit to holding it for five years, you've got to believe in the business. In compiling a portfolio of 10 growth stocks for the new decade, we asked a group of money managers to adopt a five-year time horizon because we wanted to take factors such as short-term price momentum out of the equation.
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