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Technology Stocks : BORL: Time to BUY!

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To: Paul Corbett who wrote (8132)12/19/1997 2:55:00 PM
From: Ghassan I. Ghandour  Read Replies (1) of 10836
 
I believe that today's action in BORL is option related. A few days ago I wasn't sure it will close near 7 1/2 or near 10 on Friday (today). If I am correct, we will see the price recovering, starting Monday. As for the effect of the Asian problems on sales, at Borland, I don't think it amounts to much as Asian countries do not buy much of tools software. If they need one, they just pirate it. Australia and Japan are another stories, though. Del did say that he anticipates impact from Australia. This movement in the stock is just like the one that took place before the deal with OPEN was consumated. Effectively, it may make the acquisition less costly. Meanwhile, our loss in share price is only on paper. I am buying more at this level. Ghassan.
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