announcement.

Reiterate BUY.

This company specializes in banking software targeting at small-&-medium sized banks. They have recently made an inroads into Pakistan installing their system to a few ISLAMIC banks. So there is a speculation of Islamic funds buying. At the same time, there is also a chance for being a takeover target as suggested by the following :

QUOTE

VOLUNTARY CONDITIONAL CASH OFFER by
MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE (Incorporated in Singapore)



(Registration No. 199206298Z)
for and on behalf of
SUNGARD ASIA PACIFIC INC. (Incorporated in the State of Delaware, USA)
a wholly owned subsidiary of SUNGARD DATA SYSTEMS INC.
to acquire all the issued ordinary shares in the capital of
SYSTEM ACCESS LIMITED (Incorporated in Singapore)
(Registration No. 198304837E)
1. Introduction
Morgan Stanley Dean Witter Asia (Singapore) Pte (Morgan Stanley) refers to the offer document dated 14 August 2006 (Offer Document) in connection with the voluntary conditional cash offer (Offer) made by Morgan Stanley for and on behalf of SunGard Asia Pacific Inc. (Offeror) for all the issued ordinary shares (Shares) in the capital of System Access Limited (Offeree) which was despatched to shareholders and optionholders. All capitalised terms used and not defined herein shall have the meanings ascribed to them in the Offer Document.
2. Offer Declared Unconditional in All Respects
Morgan Stanley wishes to announce for and on behalf of the Offeror that the Offer has become unconditional in all respects on 2 October 2006.
3. Level of Acceptances
As at 5.00 p.m. on 2 October 2006, the Offeror has received, pursuant to the Offer, valid acceptances in respect of 318,327,449 Shares, representing approximately 99.54% of the issued share capital of the Company as at 14 August 2006.
This includes acceptances by:
(i) Loh Boon Fah pursuant to his irrevocable undertaking in respect of 103,552,168 Shares; and
(ii) Infocomm Investments Pte Ltd pursuant to its irrevocable undertaking in respect of 16,972,880 Shares.
UNQUOTE

Extracted this announcement from the company's posting at SGX. Can anyone who is in the know advise on its significance, please.

Silverlake Axis in Partnership with IBM Innovation Center

Silverlake Axis Ltd (?Silverlake Axis?) is pleased to extend its application innovation

partnership with IBM by being the first Business Partner to utilise the newly opened

IBM Innovation Center in Kuala Lumpur. This partnering initiative recognises the

value of Silverlake Axis? ongoing banking technology collaboration with IBM and the

Group?s successful and proven track record in Banking Solutions Innovation in the

region.

By leveraging on IBM?s technical and consulting expertise and world-class facilities at

the Center, Silverlake Axis is committed to delivering innovative and cost-effective

solutions for customer transformations, and extending the Group?s leadership in high

performance banking solutions.

Silver Axis (Formely known as Axis System Access) specializing in banking software is poised to gain further strength after the breakout above $0.52. Two Fibonacci retracement marks are now overlapping each other and this suggests that $0.54 will be clinched soon. Stochastic shows a very nice crossing and the stock is now in a ballastic upward explosion. Upside targets could be set at $0.55, $0.59 and $0.63 depending on the time horizon