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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: David R who wrote (4754)3/22/2000 6:00:00 PM
From: Dennis Nicks   of 5102
 
David, the trading today was really interesting. Prior to today, there was a fairly large risk premium (for the deal not going through) built into the arbitrage position between INPR and CORL. The premium is now only about 1% (discounting for the TVM). This indicates to me that the deal is off at 0.747. I wonder if we will see Inprise priced at a premium in the next few days.

Personally, I don't care what the conversion is, I'm not voting for it. If Dale wants to be the chairman of Corel, he should send them his resume!

Dennis
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