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Technology Stocks : Merant - MRNT (formerly MIFGY)
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To: fyi who wrote (243)11/9/1998 7:57:00 PM
From: fyi  Read Replies (2) of 461
 
Screaming Buy: Time For Cooler Heads to Reign !!!!!
by: fyi_fyi
237 of 247
Obviously, there is plenty of room for extreme discomfort here.

But for those who are not trying to profit from trashing the price of a stock down, MIFGY is a
screaming buy at these prices.

Lets face up to reality. PVCS is the market leader with a rapidly growing business where software
products bring in over $100 million and services add many millions more. At a minimum, its scrap
value is $400 million or more, IMHO.

Data Direct is a good business with a great franchise in the OEM business and is easily worth
double its sales leading to $100 million, IMHO.

The Cobol tools business is again dominant in that market and has been reengineered into a very
contemporary toolset supporting component-based development. This business is easily worth
$200-300 million, IMHO.

Put that all together and at today's prices, the MIFGY business is clearly selling at a fraction of its
worth.

That fact cannot go unnoticed by those looking for a very profitable acquisition target.

Hopefully that would not be the outcome because MIFGY has a solid core set of products on
which to significantly grow its business.

These realities should somehow be better, and more widely voiced by management.
Unfortunately, they look terribly negligent by droping the bomb shell news last week without any
decent news to explain what is going on.

For this negligence, just about an unlimited amount of criticism is well justified. What would appear
to be very inept communications activities are certainly doing great harm to current stockholders.
If one wants to sue somebody for something, that is the real guilty party, IMHO.
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