Merant - MRNT (formerly MIFGY) Message Board

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Technology Stocks : Merant - MRNT (formerly MIFGY)

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To: Hutchim who wrote (262)	11/15/1998 6:29:00 PM
From: Michael L. Busser	Read Replies (1) of 461

Looking back on the merger, a few observations come to mind. First of all, it is apparent that MIFGY was losing momentum in its markets and products. This coupled with it high stock price led it to the strategy to buy some new products and markets with an overpriced stock. Unfortunately, isli managment and its financial advisors were sold a bill of goods and basically did a terrible job in recommending the merger. The only thing that I can envision as the rationale for their endorsement was the potential for short term stock profits when MIFGY was a $42/share when the deal was announced. Once the market priced the deal, isli was to proud and stupid to pull the deal. So, in short, MIFGY got a great deal but stockholders of both companies suffered greatly. Needless to say since that time, it has become readily apparent that MIFGY does not have the management talent to deal with the merger and keep its eye on its own products and markets. At this point, this stock will not move until we get new management which I hope is not to far away.

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