Nasdaq +SunGard + $11.3bn = The Carlyle Group (but that's secret)

[Up2Late]

(I saw this story on the RSS all day on BBC News and Reuters, but neither of them mentioned "The Carlyle Group." But I did see it on CNBC, but I had the sound off. So What?

Well, The Carlyle Group (Bush Co. Sr.) along with several other venture Capital funds, just bought the Software Company that makes the Software for the Nasdaq Stock exchange. And to make it even better, only a few News services, like the one below, are mentioning the fact that, The Carlyle Group, the company that George H.W. Bush and his sleazy buddies run, is won of these companies.

I'll leave it up to you to figure out why The Carlyle Group owning the software for the Nasdaq Stock exchange IS a BAD thing)

Investment Firms Offer $10.5B for SunGard

Users show little concern about potential breakup

News Story by Lucas Mearian

MARCH 28, 2005 (COMPUTERWORLD) - SunGard Data Systems Inc. disclosed last week that it's in discussions with a consortium of private investment companies seeking to purchase the financial services disaster recovery service provider for more than $10.5 billion.

SunGard declined to identify the potential buyers, which reportedly include Silver Lake Partners, Kohlberg Kravis Roberts & Co., The Carlyle Group, Bain & Co., Texas Pacific Group, The Blackstone Group Inc. and Thomas H. Lee Partners LP.

Consultants and analysts said they believe the group will likely sell off SunGard piece by piece, a prospect that was of little concern to several users interviewed last week.

"These guys are interested in flipping that thing -- either ripping it apart for its pieces or putting lipstick on it and getting out as soon as they can," said Steve Duplessie, an analyst at Enterprise Strategy Group Inc. in Milford, Mass.

(more at link)

<http://www.computerworld.com/industrytopics/financial/story/0,10801,100650,00.html>

[Up2Late]

1. Sungard sold for a record figure (from BBC News)

(Here's the same story from BBC News, but notice "The Carlyle Group" is not mentioned in this version)

Monday, 28 March, 2005, 12:09 GMT 13:09 UK

US software company Sungard Data has been bought by a consortium of investment funds for $11.3bn (£6bn). The deal is the largest private buyout of a technology firm, and also believed to be the second-largest buyout of any type of company in business history.

The broad-based consortium includes Silver Lake Partners, Bain Capital, Blackstone Group and Texas Pacific.

Sungard provides computer services, particularly to finance firms, and has annual sales of $3bn. The Pennsylvania-based company has more than 20,000 customers in about 50 countries.

(more at link)

<http://news.bbc.co.uk/2/hi/business/4387679.stm>

[ebayfool]

2. Would privatization of Social Security be of benefit for this kind of ...

company?

[Harlequin]

3. It just gets worse, and worse, and worse...

[Up2Late]

4. I agree, but I think most here are missing the Fraud potential here...

...to have such a huge "Venture Capital" deal to buy and gain the ability to manipulate the entire NASDAQ Stock exchange. The Fraud potential is EXTREME with this type of deal. :mad:

Having probably the largest Defense Industry investor group,The Carlyle Group (run by you know who's Daddy) involved, is very troubling.:banghead:

[Harlequin]

5. hear, hear.

[trudyco]

6. Yipes - Kick

[Mist]

7. My mind went to the manipulation possibility immediately.

There is no way this can end well.

[Up2Late]

8. More News at this LBN thread from a the next day

<http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=1350122&mesg_id=1350122>

Sorry to say, it's NOT good news