After about 5 voice mails, I finally got through to Kathleen Fisher, who I imagine is the head of investor relations.
She said all software stocks ( 9:15 P.S.T) were down sharply, but I gently reminded her that Borl was down close to 30% from right before the Visigenic anouncement.
She appeared extremely upbeat and not the least bit concerned. She also went on to mention that there was significant institutional accumulation of late, something I was able to confirm from 13F reports. ( I forgot to bring the printouts home, but if anyone doesn't have access to 13F's, I be glad to provide breakdown of institutional buying)
Lastly, she felt there were no significant blocks traded today, and that it was all retail IHHO.
In short, it was the typical textbook response you would expect from an IR person. I absolutely hate the feeling that the market knows something I don't, and that is the case here. Still long, but less confident than pre-visigenic.
Gene Piccoli |
