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Technology Stocks : BORL: Time to BUY!

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To: David R who wrote (7068)11/3/1997 6:36:00 PM
From: David Miller  Read Replies (2) of 10836
 
>>I am sure that Leo or one of our other bears could give as many reasons not to expect it any time soon.<<

Call me a bear, or call me a realist.

1) and 2) New product availability isn't going to budge the price, unless sales are big enough to make CNN Headlines.
3) The Oracle license deal itself didn't move the price, as I recall.
4) Acquisition? Can't see it. I read the cash-raising as a means to divert attention from the rather shaky current ratio, which was hanging painfully around 1.0. Long-term debt traded for short-term balance-sheet dressing.
5) Possibly. Too technical for me to judge.
6) (Strong Rebound: your numbering system confused me for a moment!) If I was going to take advantage of the correction, I would pick bargain blue-chips in preference to a marginal tech stock.
7) That could do it. How likely is it?

I think that the jury will be out on this stock for many months. Heck, even Del reckons the turnround will take 6 - 8 Quarters. That's 18 months to two years away. November? Wish-and-hope.

david
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