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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: shane forbes who wrote (1258)9/23/1998 9:17:00 AM
From: R.S. Blum  Read Replies (3) of 5102
 
Shane,

A 'deal worth' can mean a number of things including the forward value to the combined entity. I don't care what you gleamed from your source, the numbers don't lie! How can you possibly value a company at 'several hundreds of millions of dollars' when they are only doing a few million dollars a year in gross rev's? They did have a bright future in the Rex and Palm, but the rev's were just starting to come in.

Kahn made this deal A) considering the price offer for the Starfish entity and B) the extremely lucrative package they gave him personally. The former we may eventually get an idea of, but the later we may never know. The key is, the former is the ONLY value that the INPR share will be calculated from in the net.

Sooo, I guess if you break it down logically, I would seriously caution against your assertion to expect a $30MM+ windfall for INPR as you seem to be suggesting. I doubt we'd be sitting near our 52 week low if that was the case.

-Scott
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