Squeeze text from lines without sed

[docdiesel]

Hi all,

on my Linux system I got a logfile containing lines like these:

ab=0;cb-ok=1;valid=1;nr=23412;txt=sometext;md5=5A4D6e342...
ab=27;cb-ok=0;valid=0;nr=8754;txt=othertext;md5=3A763C5...

and I'd like to transfor it to this:

0;1;1;23412;sometext;5A4D6e342...
27;0;0;87654;othertext;3A763C5...

I know I could use sed to squeeze all the "variable=" parts, but is there another, maybe better way?

ThanX,

Bernd