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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Bipin Prasad who wrote (3683)12/10/1999 11:16:00 PM
From: Tom C  Read Replies (2) of 5102
 
Ha, I must be one of those making a mistake. I sold 40% of my position yesterday at 18. All the hyping on yahoo and RB convinced me that people are buying this stock just because of the linux connection i.e. hype. The stock is being hyped like a BB company. I purchased most of my shares when Delphi 1.0 was a beta product. I saw it dip well below my initial purchase price by half and I doubled up. When it ran to 20, I sold enough shares at 17 1/2 to make this a free investment. After that it was dead money for a long time. I purchased additional shares at 7.00 (these are the ones I sold). The cisco announcement is meaningful, as for the linux announcements, where is the revenue. When I see people proclaiming that this stock has a pe of 12, I'm stunned. If you include the one-time payment from MS I guess it's true. Funny how people never include the one-time costs of an event in the pe calculation. Inprise seems to be in better shape but I sure would like to see some improvements in revenue. Yesterday I watched the real time quotes for over an hour. The selling and buying was mostly 200 share blocks with an occasional 1000 share block i.e. day traders. If the price backs up I'll repurchase shares. There is nothing wrong with sticking to your investment discipline and taking a little profit. Inprise was undervalued what do you think the current value should be?

Tom
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