Optibase LTD Nasdaq OBAS Message Board

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Technology Stocks : Optibase LTD Nasdaq OBAS

OBAS 12.59

0.0%

Mar 23 5:00 PM EST

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To: caly who wrote (187)	12/26/2000 7:02:23 PM
From: Geoff Altman	Read Replies (1) of 217

I still follow the stock but I sold my position a couple months ago. As far as the VG acquisition, they seem to be a pretty nice fit. OBAS had a CC on it and were projecting 60-70% growth on a yearly basis. There's still a ton of questions about the buyout that OBAS hasn't answered yet but they said at the CC there would be a news release about that in Dec.....I'm still waiting. During the CC they said that Media Gateway was being well received but so far they've only announced one deal with a small company. They also said there's a one time charge of $10M followed by a recurring charge of $4M per quarter acquisition charges. What a difference a the market makes.... OBAS is trading around the same price as when I first bought into it in June of 98! I still see it as a good company but they have a ways to grow. I've got more questions than answers about this one.

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