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Technology Stocks : Merant - MRNT (formerly MIFGY)

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To: Ian Burton who wrote (296)12/2/1998 8:58:00 AM
From: Mike Healy  Read Replies (1) of 461
 
What a mess the conference call was. I got the impression
Gary was horribly unprepared for it. Almost as though he
was asked to come back as CEO a few days ago and...oh by the
way...could you run a conference call tomorrow morning.
I'd hate to speculate...but I get the impression that
something fast and dramatic must have happened to Mr. Waters.
An illness ? A fist fight with the board ? Who knows. But
why on earth would you accelerate the conference call with
analysts, when the whole investment community is salivating
for some news, if you have not yet had time to get a reasonable
handle on the problens in the Micro Focus side of the business.
Gary was clearly not prepared and did not have the answers
to a lot of questions. Ive never heard a worse run conference
call. Too bad..since I understand that Gary is actually a very
competent executive.

Gary...take a hint...go to an executive presentation seminar
for a week to get a little polish.
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