INPR - Inprise to Borland (BORL) Message Board

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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Rittie Chuaprasert who wrote (1227)	9/21/1998 7:59:00 PM
From: David Miller	Read Replies (1) of 5102

Can somebody clarify this share buy-back exercise for me? In December last year the company raised $25m from a handful of investors, which everyone presumed was "expansion money" - Del himself indicated that another acquisition was in the plan. Now the same money will be used to buy Inprise shares - an additional 4.9m shares at today's price is, probably coincidentally, very close to $25m. The parameters of the deal are outlined in the June 10Q, including a note on the subsequent exercise of some options. It would probably be useful if someone comfortable with the jargon were to explain the impact of these transactions - the option prices quoted seem a long way out of the money, which to my untutored mind could indicate additional dilution. david

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