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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: max who wrote (381)6/30/1998 1:30:00 AM
From: Kashish King  Read Replies (1) of 5102
 
Are you basing this statement of fact on the stock price alone? I am willing to withhold judgement for another quarter or two.

That's what every money-losing company wishes shareholders would do: wait for a few quarters before passing judgement. That's bad advice, revenues have been falling and INPR needs to be put on notice that they need to work within a profitable framework because we're not willing to lend them money for another acquisition like the last. When they print more shares for AQs they are taking money right out of your pocket, particularly when they add another money-losing outfit to the fold. Where is the explanation of Sippl's departure? This is a publicly held company, isn't it? Maybe that's not how INPR management sees it; maybe shareholders are simply a necessary evil whose pockets can be picked, er, leveraged to gamble on this strategy or that. Should the bet turn out successful you win; otherwise you lose; either way the CEO gets paid obscene amounts. They paid 200 plus million to acquire a struggling ORB developer with an implementation of an open standard which is increasingly being bundled for free. An Iona license would have been preferable.
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