INPR - Inprise to Borland (BORL) Message Board

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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Mark Bracey who wrote (4828)	4/28/2000 12:14:00 PM
From: Kashish King	Read Replies (1) of 5102

Well, getting acquired by a company that has nothing to do with development tools is one thing, getting acquired by a company with Corel's track record is another. Nobody "got" this deal but I think it's crystal clear from Corel's point of view: they were bleeding red ink while Inprise was sitting on $200,000,000 plus in liquid assets. Cowpland wanted to get his hands on that cash to keep Corel afloat. Once you deduct that $200 million you are left with Inprise and Visigenics technology being valued at $120 million. This is a no-brainer: no deal, period. Even if the stock prices remained the same, it was a bad idea for Inprise to get mixed up with this company given their track record. If Red Hat understood the importance of tools to an operating system's development (Windows for example) they would have bought INPR for a billion plus. You're right, nobody is interested in the stock anymore. It's been relegated to a two-bit, throw-away acquisition for another bottom-wrung company on the verge of collapse -- as I interpret recent news reports.

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