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Technology Stocks : Allaire - ALLR
ALLR 1.445+3.2%Oct 31 9:30 AM EST
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To: sunfish who wrote (55)2/16/2000 8:31:00 PM
From: Bread Upon The Water   of 64
 
Sunfish,

I don't know any of the economic history of PRTI prior to last months acquistion of an option on HPPN's software. Apparently, PTRI used to be in the natural resource business and went bust and was reorganized--possibly in a bankruptcy proceeding. All this should raise flags.

However, that was then--this is now. They have the rights to acquire a software product (actually they own 50% of the software rights currently and can acquire the other 50% upon payment of 175 million dollars) which an independent testing lab says is easier to use, quicker, and more efficient than Allaire's Cold Fusion. Since Allaire is selling at 7x the price of PTRI one would think there is growth possibilites here.

Apparently the market does too as PTRI shares have risen on the news of their rights acquistion and the test results.
How much the stock is worth remains to be seen.

The current company officer's are not tech people and it is their stated intention to sell the company (probably to one of the software giants or even maybe Allaire itself) in order to maximize shareholder value. Absent that, they'll hire a tech familar CEO and drive on in the market place.

As far as know I this is product that is right out of development and has not been put into commercial use yet.

Now you can make your own judgment as to the worthiness of this investment. I don't think it is a scam--which imples that there is nothing here of value or intentional Fraud. It is a lot of promotion involved, but the key questions are does this product work and will it have commercial applications and, if so, how big will be its market share.

I bought some shares strictly as a speculation based both on preliminary testing and the value of the company (Allaire) in which it was in direct competition. The shares have already more than doubled from the place of my entry. I am not urging people to buy it, but if you are an Allaire shareholder I would think the news of an apparent direct competitor whose product is reported to be superior than one of your company's main products---that this would merit an evaluation.

So you can remain skeptical and people can do their own evaluation based on both the checkered history of PRTI and their assessment of the product being offered.

Bill
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