BORL: Time to BUY! Message Board

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Technology Stocks : BORL: Time to BUY!

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To: Marc Slovak who wrote (9900)	4/16/1998 8:41:00 PM
From: Sam Scrutchins	Read Replies (1) of 10836

He's telling me that the word on the street is that Borland is targeted to get taken out (in his opinion, by IBM) at $16 to $20 a share depending on whether Merrill Lynch and Newberger/Barclay's Bank are willing to to go along and sell their ~30% holdings. Marc, I read David Miller's post which followed yours, which helped me to realize this Yahoo post may be some sort of misdirection ploy. In that light, I can only say that Borland has broken out on heavy volume for some reason, rumor or otherwise. I would hope that it is something more akin to a brilliant Borland move (as yet undisclosed), than a takeover rumor. Still, anything that helps the investing community to see Borland in a more positive light is healthy for the stock price. I might also point out that this is a perfect example of why I will rely more on TA than on fundamentals as far as market timing is concerned. There is no way that I would have ever known about this 'possibility' waiting for the information to be made public. If it is to be 'taken out', then let's hope it is for a price that is a lot more than $20 per share. This corporation is on its way to becoming one of the principal tool makers in the business today. Sam

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