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

To: James Strauss who wrote (391)	4/9/2000 2:29:00 PM
From: Area51	Respond to of 402

Hi Jim, I think you're making it more complicated than it is. If the merger is ultimately approved, I believe that each 100 shares of HRBC will be redeemed for 75 shares of PRGN irregardless of whether PRGN is trading at $50 per share or $25 per share, and irregardless of whether PRGN was trading at $60 or $30 at the time the merger was initially proposed. Interesting take on the proposed merger (the portion from 4:45 to about 10:00 is on-topic). radiowallstreet.com My take is that PRGN is a good company and that if the merger is ultimately approved that long term shareholders in both companies will benefit. (Short term momentum investors may suffer however). I think PRGN management is very astute to use their inflated paper to purchase HRBC, but think HRBC will benefit from the merger as well. Best Regards, Area51