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Technology Stocks : Pure Atria Corp(PASW) and Rational(RATL) Merger

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To: Czechsinthemail who wrote (64)4/15/1997 8:52:00 AM
From: david decamp   of 147
 
Baird, let's hope so...

One factor to consider is RATL's secondary offering last fall.
5M shares (approx) in the high 30's, around $36 if I recall.

The folks holding those shares are no doubt unhappy sitting on
a big loss. However, the clearly stated purpose of that additional
offering was to raise capital for acquisitions that would expand
their dominance in the application development area. So,
hopefully those investors entered with a long-term perspective and
knew there was a possiblity of a short-term hit.

If the discount stays this wide much longer, I may buy more.

Regards,
Dave
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