Ann: Aconex Board Recommends Acquisition Proposal by Oracle, page-50

Although our investment will return a nice profit, I feel sad / disappointed to see ACX sell out / taken over by a huge multi-national.
We had a successful Australian company, international presence which exemplies what we are told is part of the future economic pathway for Australia - 'the smart economy' - being a provider of smart technology & services rather than bring a quarry, digging holes in ground, shipping it offshore and leaving us with the mess and little else.
Now we are 'flogging off' one of our participants in the smart economy and will be purchasing more services from offshore rather than having it 'in house' in Australia to drive our construction projects.
I had hopes that this was going to be a very successful long term bsiness bringinc ecominc benefit to Australia.

The ACX will end up with a pocketful of cash (some may pay a whack of CGT, esp if thet have bought in more recently ie. hold for < 12 months), which will 'burn holes' in some ppl's pockets.
I speculate that some may/will be invested into something worthwhile and economically productive, but a goodly amount will be spent on 'consumption', imported goods (ex luxury cars, or other non durable goods/junk), or add to the real estate 'price bubble'.
Fundamentally, lots will not end up in a longterm investment that will positively contribute to our longterm national economic good.

In that sense, my sentiments are that it is a 'sad sale', similar to what has happened to our dairy industry.
Before long, all we will be capable of is working for others (offshore owned businesses), making cups of coffee or wiping the backsides of those who are unable to do it themselves.

Makes me feel sad for the future.