PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: William B. Kohn who wrote (2212)	8/3/2000 10:42:39 PM
From: Carl R.	Read Replies (1) of 2383

Don't forget their minority interest in Healy-Hudson, which is worth about $.40 a share and the cash of about $1.50 a share. That makes the US operation worth about -$.50 a share. Maybe they can find someone that will take it for free. LOL By my calculations the deal works out this way: We get $14.5 million Euros, or $16 million American at current exchange rates. Of this, $11.21 million will be in cash. Add in the $6 million in cash at the beginning of Q1 and there should be about $3.61 per share in cash. The problem is that we don't know how many assets were transerred for the price. AR? Inventory? Fixed assets? What about liabilities? We also have a 30% interest in the company(PC-Ware, symbol PCW, trading at 46 Euros) that bought the assets, plus the interest in Healy-Hudson. Carl

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