Check out these numbers. INPR/CORL & RHAT. Somebody play "stump the dummie." How can the market place nearly 12 Billion in market cap in a company whose revenues and earnings are several years down the road, if at all?
When you examine the numbers, the combined CORL/INPR does become a "powerhouse" in both Windows and Linux. If indeed $30 Million is cut from operating expenes, ceteris paribus, EPS of the combined company jumps to .59 and the PE falls to 49. $215 Million in cash in indeed "power." "TheStreet.com," where are you?
CORL INPR COMBINED RHAT 11/30/99 12/31/99 11/30/99 (9 Mo.) x 1.25
Sales 243,051 174,806 417,857 15,745 Cost of Sales 59,516 41,943 101,459 9,268 Gross Profit 183,535 132,863 316,398 6,478 Expenses 170,097 215,747 385,844 19,714 Op. Inc/Loss 13,438 -82,884 -69,446 -13,236 Other Income 3,278 105,568 108,846 2,164 Net Income 16,716 22,684 39,400 -11,073 EPS 0.27 0.40 0.67 -0.26 Shares o/s 62,194 54,810 117,004 42,178 Fully Diluted 65,100 63,408 128,508 42,178 Note: RHAT outstanding shares before two stock Splits. Assets Cash 18,021 197,693 215,714 11,997 Other 133,680 115,323 249,003 98,301 Total Assets 151,701 313,016 464,717 110,298 Liabilities 87,335 97,359 184,694 11,763 Total Equity 64,366 215,657 280,023 98,535 Liab & Equity 151,701 313,016 464,717 110,298 Market Cap Close Feb 14 1,057,298 644,018 1,701,316 11,861,044
Note: Redhat filed this month to sell an additional 4,000,000 shares @ $95 to raise cash. |