PERVASIVE SOFTWARE (PVSW) Message Board

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Technology Stocks : PERVASIVE SOFTWARE (PVSW)

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To: John Ritter who wrote (487)	7/21/2000 10:12:14 PM
From: Marty Rubin	Read Replies (2) of 529

John, It will be a write-off, but they still promote Tango quietly, what I understand. The main point is that P-SQL will be the main focus, rather than Tango. I like that, though it may take 2 quarters to show that in the numbers. They have $26M of cash, or $1.5 a share. You're paying $2.5 for the company. I like that. And, based on the CC, next quarter they expect cash and cash eqi. to be in the low $20M, which is consistant with their Q2Q burn-rate. The main point is that after missing three quarters they are finally waking up. I would like to see management changes though it may be tough with a large insider ownership. For now, I think they are finally facing the mistake and I'm looking forward for a turnaround. Marty

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