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Technology Stocks : Pure Atria Corp(PASW) and Rational(RATL) Merger
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To: Philip H. Lee who wrote (85)4/18/1997 1:17:00 PM
From: joel sherriff   of 147
 
Not until August (most likely).

I just received a fax from my broker covering their analyst's opinion of the pasw quarter and of the ratl merger. In their opinion, the revenue shortfall is probably overstated - that they deferred revenue to push backlog toward the merger, and that the merger will be completed. one of the stipulations in the merger agreement is for a big payout (18MM) to the backee if either side backs out, the next day.

They also had very favorable things to say about the merger of the product lines, rational's mgnt of mergers (in their words, they've done more to integrate PASW into RATL in two weeks than PRSW did to integrate with ATSW in four months!), and the way the accounting for the merger works (based on the differing fiscal years).
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