RETIX (RETX) Perhaps Another Acquisition Target For CSCO? Message Board

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Technology Stocks : RETIX (RETX) Perhaps Another Acquisition Target For CSCO?

VRTL 53.73

-11.5%

Nov 13 3:59 PM EST

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To: Geof Hollingsworth who wrote (983)	1/10/1998 10:03:00 PM
From: Adam Smith	Read Replies (1) of 1119

Hank was a big fan of the Sonoma product. He consulted with Stephan to help create that product. The real value in RETX lies in Vertel. I think most analysts value Sonoma as a discontinued operation and anything RETX can get for it will be acceptable. I think there is no downside for any price they get. RETX stock will be valued at the multiple of 98forward revs for Vertel. It's up to BB to set the tone with the new analysts coming he's presenting to and getting comps of rev. multiples like Crosskeys/Concord and OSII/TCSI when they recover. I think 8X 98 revs of 35MM will be the high end divide that by 28MM outstanding shares and you get your shortterm upside target. If they get some huge deals from ATT/LU or Fed Ex there upside price goes up from here. All this should play out in the next 60 days. Good Luck Adam

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