High tech stock declines hit software deals

The number and value of software acquisitions in Canada has fallen dramatically in the wake of slumping stock prices for high tech firms. The finding was contained in a survey conducted by CATA Alliance showing that the value of deals dropped from $6.1 billion in the first half of 2000 to $1.2 billion in the first six months of 2001.The trend reverses a lengthy period of increases which saw the value of mergers and acquisitions hit $11.4 billion last year. FMI: See media/ events/press releases at www.cata.ca....