Andover Taken Over

bigbear · Mar 6, 2003

any news on this takeover by SDS would be appreciated.

VOLUME · Mar 6, 2003

The deal closed on Friday.

MondoTrader · Mar 6, 2003

was it bought as an individual transaction on purpose or did they get it as part of a larger deal ?

JWKirkland · Mar 6, 2003

I will be glad to answer any questions. The impact on the San Diego office has been nothing but positive except for the minor paperwork hassle on the transition....

I will be glad to answer any questions regarding the deal. If anything, it has brought us more traders here in SD because of the reputation of Sunguard.

Contrary to any of Bright's beliefs, Andover is stronger than ever.

Please feel free to ask any questions you may have.

anacott_steel · Mar 6, 2003

Quote from JWKirkland:

I will be glad to answer any questions. The impact on the San Diego office has been nothing but positive except for the minor paperwork hassle on the transition....

I will be glad to answer any questions regarding the deal. If anything, it has brought us more traders here in SD because of the reputation of Sunguard.

Contrary to any of Bright's beliefs, Andover is stronger than ever.

Please feel free to ask any questions you may have.

Why do other think that this is a negative impact? and can you tell me the impact for Sunguard? thanks

JWKirkland · Mar 6, 2003

Quote from MondoTrader:

was it bought as an individual transaction on purpose or did they get it as part of a larger deal ?

No, from the meeting in New York that I attended with the Sunguard Group CEO, they acquired Andover as a profitable entity that would add to Sunguard's portfolio.

JWKirkland · Mar 6, 2003

Quote from anacott_steel:

Why do other think that this is a negative impact? and can you tell me the impact for Sunguard? thanks

I posted that it "was nothing but positive". I do not know of any negatives.

I left the NYC meeting with Sunguard pumped up and excited.

I think there is a lot of misinformation posted by competing firms.

Fire away and I will tell you what I know from the meeting in NYC with the Sunguard Group CEO.

bigbear · Mar 6, 2003

do they intend to keep the same capital policies in place? Is there a minimum of capital required to get into Andover? Is Sunguard going to change that?

Do they have an interest in the Hammer Application?

Dr. Zhivodka · Mar 6, 2003

Quote from JWKirkland:

Please feel free to ask any questions you may have.

Is SDS going to maintain the retail and prop operations or are they going to spin those off to another entity?

I would presume that SDS wanted the clearing operations and Hammer, yes?

Thanks,
Dr. Zhivodka

rtharp · Mar 6, 2003

Just for clarification

SDS is the stock symbol
and they spell it Sungard

Here is a Yahoo link for them.
http://finance.yahoo.com/q?s=sds&d=t