Worst stocks for '96 Message Board

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Technology Stocks : Worst stocks for '96

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To: Fred W. Fletcher who wrote (263)	2/1/1996 11:59:00 PM
From: Gary Walker	of 312

Thanks Fred I saw the article: You raise an important issue: The $161 million paid for Insoft is staggering if it was cash. However, NSCP used freshly printed NSCP currency more commonly known as stock. Each bill represented roughly $160. I would guess there is some restrictions as to the sale of the stock used in this transaction and the people at Insoft figured that NSCP could take a deep dive and their $161 million could be cut in half quickly ($80 million ain't hay). With the latest drop in NSCP the Insoft people are already "out" over ten million dollars. I will also hazard the guess that NSCP management recognizes the overvaluation of the stock and allowed for this in the purchase "price" (more shares). Whether it made current shareholders nervous is hard to say. The audio video thing is puzzling because real audio and QT video are already supported by the netscape browser. I've read that both NSCP and MSFT are gobbling up internet software companies. NSCP shares were diluted 10% (38 to 42 million) from 3rd to 4th quarter. Thanks again, GW

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