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Technology Stocks : BORL: Time to BUY!
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To: Jerry Whlan who wrote (7595)11/20/1997 1:59:00 AM
From: David R  Read Replies (2) of 10836
 
I like this clip in an article in the San Jose Merury News, regarding Borland

"Revenue from corporate sales has gone from 8 percent two years ago to 50 percent last year, he said. And he [Del Yocam] predicted the company's sales will climb steadily to as much as $500 million by 2001.

Regarding turnaround, Del says

"I want eight consecutive quarters of improved results, ... Then we can say we have turned the company around."

In other words, it is not that it wil take 8 quarters to turn BOrland around. It is that it will be 8 good quarters before Yocam will say the turn around is complete. You got to admit, he is sharp. Thus far, Del has manged BORL very well. The red ink is gone, the employee situation is stabalized, the new products are rolling out. It is clear that he knows what he is doing. I believe that he will be successful in the Visigenic buyout.
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