The Black Box

[wahz]

8:00AM MANH: Bear Stearns believes co could be takeover target : Bear Sterns believes that Manhattan Associates may be a likely takeover candidate given: 1) changes in mgmt, w/CEO Haddrill stepping down; 2) recent disclosures from mgmt about willingness to consider acquisition offers; 3) co's market leading position in supply chain & positioning in emerging RFID space; and 4) acquisition plans by larger firms looking to strengthen domain expertise in supply chain technology & RFID. potential bidders may include large enterprise software and technology firms, including-in order of likelihood-ORCL, IBM, SAP, MSFT & PSFT.