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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: David R who wrote (4754)3/22/2000 5:53:00 PM
From: atvcb  Read Replies (1) of 5102
 
I think that having a temporary mgt vacuum (after the deal gets trashed and hopefully saying bye bye to Fuller and the stupid BOD) is an absolutely better situation than getting the deal done with Corel at any ratio, and I dont care if it is changed to 2:1. Besides, I am quite certain that Cowpland will play hardball; so would you and I and anybody else when we know we are dealing with stupid idiots like Fuller and the BOD. I am afraid that we might well end up having to pay Cowpland because of these idiots who run INPR for us.

Getting the deal done with Corel and Cowpland is a death sentence for the INPR shareholders. We might as well start doing our tax loss calculation for 2000 now. On the other hand, having a temporary mgt vacuum may not be all that bad. The situation may attract someone capable who might like to run a company that just gets rid of the current stupidity-proven BOD. The company has excellent products coming out, no debt, a lot of real money, close to a return to profitability, and a number of potentially profitable equity opportunities. INPR really is not a debt-laden company with shitty no-growth products needing a miracle turnaround. Exactly the opposite, it is more like a growth situation needing good executions. Fuller was doing just that very well until he started thinking of himself as a techno-visionary dealmaker. This is a man who does not know his limitations, and we are paying for it.

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