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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Mark Ableson who wrote (4527)2/13/2000 11:24:00 PM
From: Maher Sid-Ahmed  Read Replies (1) of 5102
 
Mark: you cannot invest on hope and wishes.
Dale Fuller is either extremely stupid or is totally unaware of what a "merger of equals" entails. The new company is going to called Corel and its symbol CORL. Why not we call the new company Borland. A "merger of equals" require change in both name and symbol. It requires that a new board be formed. It requires that both CEO's have active rolls in managing the new entity. This is a takeover not a merger. A take over at an extremely low share price relative to the potential of INPR in the enterprise solution business.
Corl's CEO is not trusted by Wall Street and has been portrayed by the Canadian media as Don Quixote who wants to save the world from evil so he ordered his only faithful servant to charge at the evil windmills in every direction. Cowpland will misuse the $200 million of INPR and I am willing to bet that later he will sell all the Scotts Valley campus to further his dream of conquering Microsoft. He has too many negatives and an extremely poor track record to be the CEO of the "merged" companies.
Dale Fuller, on the other hand, is a resume builder. Later on he will brag that he took INPR from a capitalization of $200 million to over a billion and then sold it to Corel. Whatever happens later on, he can ether take partial credit to, if it turns out OK or blame it on the new management if things turn sour.
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