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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: R.S. Blum who wrote (1260)9/23/1998 10:06:00 AM
From: shane forbes  Read Replies (1) of 5102
 
Boy that was a hoot - I'm laughing so hard it is difficult to write
but here goes.

I don't care what you gleamed from your source, the numbers
don't lie


My source - YOU have got to be kidding.
the numbers don't lie - YOU have now really got to be kidding!

(1) "My source" was the news conference announcing the Starfish acquisition by Motorola! Again check the URL I posted in my prior message and get RealPlayer and listen to it yourself - my "source" was pretty public and is one of the top guys at Motorola as opposed to "your source" who may be the Grinch Who Stole Chirstmas for all we know <g>. Again here is "my source":
events.broadcast.com
(be careful my source says this is classified information - TOP SECRET!)

(2) Where in the world is the corroboration of "the numbers"
from "your source" - all we know is that "your source" told you (and ONLY YOU) blah blah blah... No proof, no pudding <g>. Heck a couple of days ago I met someone who said Borland (who are they? <g>) is a database company and Paradox is dead - yup that was real good...

The point is that it all has to come from the horse's mouth - your source may be a talking small dog who in his spare time does commercials saying "Here lizard lizard lizard" for all we know <ggg>.

And BTW check out "your source" about the value of Starfish's
revenue run rate and also remember that young companies don't
need to have revenue of several million dollars right off the bat and
remember if the technology is valuable they don't even need to have
revenue and if they were going to do an IPO then 10MM or 100k or less per employee or 1 year's salary (on average) is pretty pathetic!

And re: A 'deal worth' can mean a number of things including the forward value to the combined entity

Well as long as the present value of that forward value is
several hunderd million dollars today then I don't care if the
forward value takes any value you want as long as I can convert my
portion of it to several millions of dollars today.

The gist of it is that if INPR is using their current assets (without the several millions from Starfish) to purchase 4.9 million shares they are pretty stupid. INPR took quite a lot of trouble to build up a decent balance sheet right now and burning 25-40 million of that to purchase stock is pretty darn senseless I think. The only
way you burn 25-40 million is if someone puts several million in your
lap and hopefully Starfish did that.

As for the stock price - stranger things have happened. I have seen
stocks so neglected and unwanted (small caps) that they did squat
for months/quarters even though they had good cash flow/hidden assets etc etc.

Shane (mid 30s by 2001)
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