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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: i-node who wrote (3837)12/24/1999 7:43:00 AM
From: Ghassan I. Ghandour  Read Replies (1) of 5102
 
It looks like today we hit a local bottom (at 10) and rebounded on what was a high volume (throughout the day) above the bottom.

For the stock to resume its ascent, from here, we need some kind of positive announcement to be made by the company. The best possible one (short of a buyout) is for the company to tell us that it will meet of beat consensus estimates this quarter.

Short of that, we may still see the stock edging up from here. If you noticed, the action in CORL over the last two weeks could have been taken as an early indicator of what was going to happen to the price of INPR. Since CORL had a good rebound, on Thursday, INPR may follow suit during the next trading session.

Long term, I agree with Maher about INPR's prospects.

Go INPR ($15 by expiration day in January).

Ghassan.
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