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Technology Stocks : BORL: Time to BUY!
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To: Tom C who wrote (8905)2/2/1998 11:27:00 PM
From: Kashish King  Read Replies (2) of 10836
 
I received my prospectus but my Greek is a little rusty. I noticed the merger costs, excluding the shares used in the stock swap, are going to cost between 10 million and 12 million which will consume 100% of profits for the next year if profit margins and revenues hold at their current levels. I think revenues and profits will rise, but that's not a guarantee; falling revenues and earnings are certainly a possibility, however unlikely. Add to that the dilution of equity by a whopping 12 million shares plus another 2.5 million shares for stock options and you can see where the Street might have been justified in backing off Borland. CORBA will be a critical asset going foward, but they paid way too much for this particular implementation of the technology. Now, had the stock been at $7 or $8 when the merger was announced I would say it wasn't such a bad deal at 0.81988 -- small consolation to those who were in the stock when the announcement hit the street.
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