JC,
Inprise investors would have to be insane to vote "yes" on this merger and you're in trouble if you can't access their 200 million in cash and futuristic products. Inprise was a gem that IBM, Sun and of course Oracle would pay double the current offer for, in a heartbeat. Red Hat? The strategic acqusition of the century for that company. Talk about the perfect fit! Sorry, pal, this deal is going to be voted down.
There there are these comments in the press:
If the deal fizzles, Corel won't go bankrupt, analysts said. "They will raise money at some point, they'll get it somewhere, somehow -- it will not be at a very good price, but it'll work," said Stewart. "They're not going to go bankrupt."
Did he say they are not going bankrupt enough times or would that make the nervous comment appear to be panic?
Characteristically, Corel chief executive Michael Cowpland is confident the deal will go through.
JC, do you know what the characteristically adjective represents in that statement? It's not a compliment, believe me. Remember how Corel would do well with the Java Office Suite, the Network Computer, the Video Conferencing system and now Linux? Get the picture? Do you remember Cowpland dismissed the investigation into his trading activity as routine before being hit with major legal action? Cowpland, there's a difference between postive thinking and sounding like an incredulous fool.
"The benefits were based upon a strategic fit all along and the strategic momentum's been very good," he told reporters on Wednesday after a speech at an Ottawa trade show. "Really, we have nothing to worry about."
They report this to entertain us. They know how badly we'll laugh at the hollow rhetoric: "strategic fit" and "strategic momentum". I think an AHHHH SHUT UP! is in order here. Are you guys ever going to get sick of his meaning-free rhetoric?
One more thing: if the deal doesn't go through you better look out. I am absolutely confident that shares will be issued (can you say dilution) and sold off for well under market value to "lenders". They'll then turn around and dump the shares to recover their money. They will be given an unlimited number of shares if the stock falls and they need to sell more to make up the difference. I am totally confident this will happen. This is the strategic fit that desperation finacing firms have with companies without any options. |
