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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: i-node who wrote (4830)4/28/2000 2:05:00 PM
From: William Chaney  Read Replies (2) of 5102
 
Let's give Dale Fuller some credit for not being a complete idiot.

Perhaps he was thinking the following:

Mr. Fuller will be Chairman of the Board in the new company. Mr. Cowpland has current legal problems that, if he is found guilty (even if he appeals) could result in him leaving the company, or justifying the board in firing him. I don't wish such a thing on him, but if such events occurred, as the COB and the senior former Inprise person, Mr. Fuller would then be in a position to control the resulting company, and perhaps step in as CEO.

Now, the present problem is the perception (completely justified, IMHO) by investors of Corel as a poorly run company. You would then have a Linux company with a distribution, well-known applications, and development tools. This would be a more complete company than Red Hat. Then, the story would go that the problems are gone and the company is being reorganized without all the excess past baggage. Mr. Fuller had perhaps not counted on the shareholders getting so mad.

Of course If I'm so smart why didn't I sell the day of the merger announcement at $14/share as I thought about doing? I looked at Corel a couple of years before and found it to have serious leadership problems. I'm going to vote my small number of shares as "NO!".

Sincerely,

Wm Chaney
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