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Technology Stocks : BORL: Time to BUY!
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To: Bipin Prasad who wrote (7569)11/20/1997 5:43:00 PM
From: Ghassan I. Ghandour  Read Replies (2) of 10836
 
Yes, Del is the sharp guy behind Borland's return. He is going to be the sharp guy behind Visigenic's return as well. As I posted earlier, this acquisition has almost been no event for the price of BORL as I think it was heading down from 12 anyhow. The price was under 11 only three trading days before and it had runup on COMDEX and the announcement of the JB C/S. There was going to be selling on the news and, as I told Mark three weeks ago, in connection with Nov. options, I expect BORL to close tomorrow about 10 (10 1/8 was my prediction). Again, I reiterate that I see 12 to 13 in February right after the upcoming earnings report (bold predictions - huh, but we will see!). My feeling is that Del expects a great earnings this time therefore he went ahead with the acquisition. To maintain his promess of one major software relelease per quarter, he had to take steps like this one, as he warned he will. This also explains why he was cautious about the speed of the company's return (many just didn't lissen!) I still have confidence in BORL under Del, and I think the stock will resume its boolish tone starting next week (after options expiration). David Miller's analysis of this acquisition was great (as usual) but I think Del made the same analysis to his collaborators and thinks it is fine. I am still waiting for David Miller's comments on the 10-Q. Go BORL... Ghassan.
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