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Technology Stocks : IFMX - Investment Discussion
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To: Marc Slovak who wrote (12032)10/8/1998 11:26:00 AM
From: Dave Yenne  Read Replies (2) of 14631
 
Guys you're looking at very old numbers for Redbrick. If you look at the 10-Q for Q2 that was filed with the SEC, Redbrick only has $8.9MM in working capital. They also have been experiencing losses of $6-7MM per quarter for the past year. Redbrick is far from a cash rich company.

Redbrick's installed customer base is about 300-350. Informix doesn't gain very much at first glance on this deal. This was a for stock deal which add additional EPS dilution on top of the preferred conversions still to come.
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