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Technology Stocks : HARBINGER (HRBC)
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To: jeff conn who wrote (37)12/9/1997 8:18:00 PM
From: Mark Catalano  Read Replies (1) of 402
 
PRMO can't catch a break. They decide to merge with HRBC which was flying high into the 40's, then after news of the merger, HRBC slides all the way down to 23 1/16! That means PRMO is worth 23.0625 x.45 = 10.378. Ouch, and I though this merger was going to be good for PRMO.

I think HRBC is oversold, the Street seems to have panicked on this one. Time will tell.

Any other thoughts on this?
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