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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (4789)	3/26/2000 10:49:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 5102

David: I agree. As long as the price stays this low all bets are off that this merger will be consummated. Cowpland has to figure out a way to get the stock prices up or no $250 million payday!

To: i-node who wrote (4789)	3/26/2000 12:34:00 PM
From: Lewis Edinburg	Read Replies (1) \| Respond to of 5102

I believe if CORL's price stays in the tank (and I think it will), there is no way this deal goes thru, and the board knows it. The price of Corel is a red herring. True. Right now it is dictating the Inprise stock price and no matter how good or bad the news from Inprise might be, we will still be around .7 times Corel's price. (I know that the conversion ratio will be .747 but the actual current trading ratios are more like .7). Whether Corel's price keeps tanking or goes back to the high teens, why would it affect how Inprise shareholders would vote on the deal? The true issue for us should be: If the acquisition goes through, will Corel's price go up more than Inprise's would if we go it alone? I truly believe the answer is No! Consider: If Corel's price shoots up to $30 (I am only picking an absurd price to make a point -- I don't feel there is any chance of this happening) and the acquisition were to be approved, how many days would it be before we would be able to sell our "new Corel" shares" (there must be a bunch of paperwork that must take place before our local stock broker will recognize that we do not have 1 share of Inprise but that we have .747 shares of "Corel"). How comfortable would you feel that Corel would hold its price during that time? The only consideration of what Corel's price is between now and the vote is what we can sell our Inprise shares for if we decide to bail out before the vote. On top of everything else, the above considers only pure greed on our parts. It does not take into account what will happen to Inprise being a source of quality tools in the future. I think if the deal goes through then we can say goodbye to any of the products from Inprise like we have seen in the past.

To: i-node who wrote (4789)	3/26/2000 6:35:00 PM
From: atvcb	Read Replies (2) \| Respond to of 5102

Neither you nor I want this stupid deal to go through, but the question here is: exactly how does the deal NOT go through, or not go through as is??? Let's talk about possibilities on the assumption that the Corel stock stays where it is:- (1) Fuller and the BOD calls off the deal, with or without penalty? My speculation: No. (2) Cowpland calls off the deal? My speculation: Catherine Zeta-Jones will marry me first. (3) Change the ratio? My speculation: Maybe. (4) Another buyer comes in? My speculation: No. (5) A majority No vote? My speculation: Maybe, and likely if Coates starts something going with other institutional holders, and/or the INPR stock price gets lower. (6) The first order of business after the merger? ..... that we the Corel shareholders are not stupid, and after witnessing how incredibly Fuller trashed his own INPR shareholders, the new Chairman is hence voted, unanimously, the Chairman emeritus effective immediately, i.e. dont let him do any deal for us heaven forbids!