INPR - Inprise to Borland (BORL) Message Board

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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Kashish King who wrote (4966)	6/16/2000 12:09:00 PM
From: Dennis Nicks	Read Replies (1) of 5102

Rod, certainly there is a lingering bad taste from the Corel debacle. I also agree that there are some serious issues regarding bad management. Yesterday's drop in the share price could certainly be fallout from Corel's news. But without some serious volume, these price swings are meaningless. As for ousting Dale, I'm not sure I agree with that. He was obviously brought on to dress the company up to be sold. He did a good job of that. The fact that Dale didn't cash in all his chips in December makes me think he sees the value of Inprise. The fact that he signed a deal with Corel says the opposite. The reason he hasn't quit is probably to try and save face. The reason he hasn't been fired is in the next paragraph. The one constant we have is the poor management decisions made by the BOD. If Dale is ousted, we are dependent on this board to select his replacement. We certainly don't want that!! We've had 2 directors resign this year (Saal late in 1999 and Coats in Feb). We are due for some new directors (and I favor expanding the board as well). I think its time to get some input from major customers. Recruit new directors from Deutsche Bank, Cisco, Hitatchi and Ericsson. Marketing (and general management) has always been the weak link with Borland and Inprise. Who better to help lead this company than representatives from our customers entrenched in these lucrative vertical markets. As for appointing new managment, Dale has a pretty good track record so far. He brought in the new CFO (Ball is his name, I think). That guy has done magic with receivables and I like the results shown on the cash flow statement. As an interesting side note regarding the type of interest in Inprise shares: the average trade size for INPR was about 2000 today or roughly $12,000 per trade on a dollar volume basis. Compare that to Corel, which is almost 700 shares or $2100. Dennis

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