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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: i-node who wrote (4620)2/19/2000 12:14:00 AM
From: TTOSBT  Read Replies (1) of 5102
 
Re: "My recollection is that the realty had been paid off long ago. I'm not sure how selling the real estate makes the company more attractive. Chances are good the real estate was returning more in annual appreciation than they'll earn on the money -- particularly if they had just leased out what they didn't need."

David perhaps there is something about the real estate I do not understand but the last Q-report had a write-down of 34,808 of which $29,677 was real estate cost.

"http://biz.yahoo.com/prnews/000127/ca_inprise_1.html

Write-down of real estate 29,677 -- 29,677 "

I'm not sure how the appreciation you refer to works in? The lease part we of course do not know about yet -how much etc. But it is possible it will be a tax write-off in the future?

Anyevent I would much rather see them as a "click & mortar" cost saving and get out of the real estate lease altogether if that's possible? Maybe this latest move in selling the buildings is a first step towards scaling down but I really do not know? Will there be redundancy cuts? They said no I think at the press conference but who knows for sure?

All I know is they can't have a real estate write-down against share holders earnings in the future. That gives me the impression they are heading down the road of becoming a more mindful cost effective management

IMO this is a big part in making themselves look more attractive weather to Wall St or other suitor's. They went from a cost burden to a tax savings with $44 million more to invest in their new future. That has to be positive.

TTOSBT
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