PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Probart who wrote (585)	2/5/1999 11:33:00 PM
From: Larry Brubaker	Read Replies (2) of 2383

probart, another way of looking at it. BYND currently has about 27 million shares outstanding priced at $27, for a market cap of $730 million. If it bought out PROG for 1X sales, or about $235 million, it would have to issue 9 million more shares to give to PROG shareholders. So, by increasing its number of shares outstanding by 33%, it would increase it sales by 8X, and bring in a substantial amount of positive cash flow, which it certainly could use. It would seem to be a heck of a bargain for BYND to acquire PROG for $45 per share.

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