Borland and Open Env - RAD For the Inter/Intra Net Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Borland and Open Env - RAD For the Inter/Intra Net

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ghassan I. Ghandour who wrote (14)	7/9/1996 3:42:00 PM
From: George Lazar	of 70

Ghassan, the question is what does OPEN bring to the table ? Well, OPEN is bleeding badly. They lost nearly as much money in the QTR1 than they took in as revenues !! Of course they heralded "state-of-the-art, multi-tiered software products, in excess of $17M in cash, a sharpened market focus, and plans to expand our sales force, we remain committed to our customers and various partners." The only real asset they might have is the $17M cash of venture capital leftover money. Although, I wonder how much money is REALLY in the vaults today ...OPEN has shrinking sales, unfocused products, major management turmoil, no goodwill...etc. Naturally they have a 'strong vision' and the supporting 'White Paper', unfortunately no sales !!! First time I saw a company publishing a study on the Web in order to justify a merger. OPEN is trying to sell $17M cash and a 'half-baked' organization for 7.3 million shares of BORL. They'll end up with about 20% of BORL 'paying' only $2.5 for each BORL share in real assets, mainly with cash they raised as venture capital. Clever... isn't it ?? I'm OK with giving them .51 shares of BORL (about 4M shares), but this 'floor clause' is diluting shareholder's value to an unacceptable level... -g

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next