Hi Insook,
I can understand why many are so upset about the name change. The new name simply does not roll off ones tongue. Personally I would have preferred Imprise! It flows better, and one can just as easily have coined "Implement the Enterprise" instead of "Integrate the Enterprise" Maybe Borland could have acquired Imprint Records, Inc to buy the ticker symbol IMPR. It shouldn't have cost that much.
But, for better or worse (FBOR -- I'll create a new acronym <g>) the name is now what it will remain. Too many shares are controlled by institutions who must have blessed the new name before it was published. I think it's time for this board to get past the name change and back to the basic facts about the company. For example, how are software sales going? Are the shelves bare? Are they fully stocked? Who knows anything about pending Inprise contracts with big businesses? Anything in the wind?
On the TA side, Inprise seems to be creating another, compact, and highly volatile symmetrical triangle with a bottom boundary line on its apparent new resistance level of 9 5/8 to 10. If this is so, we could see a slow move up if investors begin to view the Corporation's new direction as a positive. If it breaks down instead of up, then I would agree with Ghassen that we will go to the mid-8's or below. I'm looking forward to the announcement of JBuilder2 next weeks and its effect on the stock price, and I hope the greater market hold up long enough to allow Inprise to establish its credibility.
Sam |
