ratlong-
I hear you. But I think as a "safe" play (I also hold MSFT and INTC, and look at those as relatively safe for the longer term), RATL is likely to surprise you by soundly beating the market returns (moreso than MSFT and/or INTC will). Here's some text copied from the Yahoo RATL board. RATL filed an 8K today:
Rational invests in new internet company founded by two founders of rational. Following is copied from 8-K form filed.
Invests in a new Internet company to accelerate strategy
To accelerate and broaden its Internet strategy, Rational has invested in a new Internet company whose business will focus on developing a portal to meet the needs of the global community of Internet software professionals. The new company will also create an electronic marketplace for products and services relating to Internet software development, and create and deploy a comprehensive hosted development service for Internet software development.
Rational has acquired an eighty-percent interest in this new company in return for a $50 million investment in preferred stock. Paul Levy, Rational's co-founder and chairman, and Mike Devlin, Rational's co-founder and chief executive officer, will continue in these roles as well as serve as chairman and vice chairman, respectively, of the new company. Paul Levy and Mike Devlin are founders of the new company, each with a ten-percent equity interest subject to vesting over a four-year period. It is anticipated that the new company will consider adding strategic investors and, in the future, consider
a public offering.
Policy regarding "forward looking" statements Statements
Statements contained in this press release may include "forward looking" statements relating to financial performance which are subject to risks and uncertainties. The actual future results of the company could differ materially from those projected herein. Certain risks which could cause actual results to differ materially include the need to successfully execute the company's Internet strategy, fluctuations in operating results, dependence on market growth for sophisticated development tools and competition in the market place. For a list of additional risk factors, see recent SEC filings.
If I am doing my math properly, Levy and Devlin together put in $12.5M. Let's see where this takes the stock...
Randy |
