Powersoft Corp, Burlington, Massachusetts signed a letter of intent to acquire Waterloo, Ontario-based Watcom Corp, which is majoring on C compilers these days. It agreed to pay 1.4m new Powersoft shares, valuing Watcom at an indicated $48m. Powersoft says the two have a shared vision for the future of client-server computing and points out that it chose Watcom’s database engine to be bundled with its Enterprise Series tools nearly a year ago. Watcom is an offshoot of the University of Ontario, the source of much of its technology and skills. It offers Watcom C/C++ optimising compilers for 16- and 32-bit Intel Corp iAPX-86-based personal comput ers and client-server SQL products.