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Also, infrastructure software and hardware companies have been crushed.
Mr Khezri said the need for scale in the global infrastructure software market made the PKI disposal an obvious move.
"None of us has any visibility right now," said David Peterschmidt, chief executive of the network infrastructure software company Inktomi.
Nearly 80% of its revenues come from infrastructure software and IT services, which it can offer globally.
"The merger will create one of the world's largest infrastructure software companies with leading positions across a number of key products.
Once that happened, Ms. Judd said, PeerLogic was inundated with inquiries from people with no interest in infrastructure software, just in the pony.
Mike Stanek, senior vice president for infrastructure software research at Lehman Brothers, worried that skipping this round would reduce Microsoft's chances of winning in the Supreme Court.
Suppose you have a corporate infrastructure software product to sell to top executives at big, technologically adept companies -- a notoriously hard bunch to reach.
"We're the only group that has third-party developers for Internet infrastructure software; that's by design," said Eric Brewer, Inktomi's chief scientist and a co-founder.
Besides money, these big companies have the kind of seasoned talent needed to write the very complicated infrastructure software that makes cloud computing work.
Oracle first tried to move beyond databases and other "infrastructure" software (which together produce two-thirds of its revenues) and break into enterprise applications with its own programmes.
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