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Technology Stocks : INPR - Inprise to Borland (BORL)

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To: Jerry Whlan who wrote (1464)10/29/1998 1:23:00 AM
From: TTOSBT  Read Replies (1) of 5102
 
Re: "Maybe I'm missing something, but Yahoo's profile of INPR shows book value to be $2.30, which is a far cry from $5.60."

Ok here is what I read from some broker (Needham I thing?). Their valuations is based on $81M in cash plus $15.4M for Starfish plus $15.5M in deferred earnings that's $111M cash going forward. Now middleware business alone should get $50M this year 1998 and for some reason they times that by five $250M (I think its because Iona does 6x for their middleware earnings) totaling over $361M that's better than $5.60 share value without counting buildings and property or 1999 earnings values.

Now this is not First Call or rock solid written in stone. It is one broker's valuation so I say and that's where I shot off at the mouth about the $5.60 per share value. I cannot see how 5x this years middleware earings would be a factor though?

TTOSBT
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