RSA & Sec. Dyn.

[jim bell]

At 12:37 PM 4/15/96 edt, Ben Rothke wrote:

>FOR IMMEDIATE RELEASE 
>
>Security Dynamics to Acquire RSA in Transaction Valued at
>Approximately $200 Million 
>
>Cambridge MA and Redwood City, CA -- April 15, 1996 -- Security Dynamics Technologies, Inc. 
>(NASDAQ: SDTI) and RSA Data Security, Inc. today announced that they have signed a definitive 
>agreement for Security Dynamics to acquire RSA, a Redwood City, California vendor of encryption 
>software. The transaction is intended to be carried out by the merger of RSA and a wholly-owned 
>subsidiary of Security Dynamics in a tax-free transaction accounted for as a  pooling of 
>interests. For the year ended December 31, 1995, RSA had revenues and net income of 
>approximately $11,6000,000 and $950,000, respectively.


A 200-1 price/earnings ratio?!?