It should concentrate on increasing earnings and stock appreciation. Although Del Yocam is a smart CEO, but I don't think this is a smart move on his part.
Well, apparently the market agrees with you. Which, in my view, is all the more reason to support the acquisition. Seriously, this is a totally sensible acquisition. While there is all kinds of analysis that can be done, on the surface it looks perfect. VSGN is near its 1-year low at less than 1/3 of its 1-year high, and the target company's product line is complimentary with Borland's. Frankly, I think it is typical Wall Street not to know a good deal if it bit them on the butt.
Of course, as an optionholder, I'm still pissed. But I'll get over it. Had I not been so greedy, and followed my wife's wishes, I'd have sold my Jan '98 10s at about 2 1/4 or 2 1/2 the day before the announcement. I will have to face this consequence everyday for the rest of my life, after watching those calls expire worthless, and as she so dutifully reminds me on a daily basis what an idiot I was.... |
