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Technology Stocks : HARBINGER (HRBC) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Redding who wrote (383)	4/7/2000 12:29:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 402

Mike: If the 58.00 price is going to be used as the basis in the conversion of HRBC shares for PRGN shares, then it doesn't matter what the market thinks of PRGN right now... HRBC investors will get the equivalent of 43.50 for each share owned... PRGN share price is currently reflecting the cost of the deal... The only way this looks bad to me is if they use 75% of PRGN's price on some other date... Otherwise, 43.50 should be worth the wait unless you can move your HRBC money into another stock that will appreciate more than 65% between now and July... Jim