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Technology Stocks : Intersolv News
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To: PCSS who wrote (1031)9/10/1998 12:38:00 PM
From: Michael L. Busser  Read Replies (1) of 1069
 
It appears that the discount for ISLI has been narrowing dramatically as we approach the 23rd of September. As of today, the discount was less than 8%. While this indicates to me that the merger will be approved, it is unfortunate that both companies, in particular MIFGY, have not found a floor for their stock. Neither has either company given indications of a stock buy back to support the price. Another option would be to reinforce the earnings estimates for the next couple of years. Unless they are in a quiet period, something just seems wrong.
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