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

To: James Strauss who wrote (392)	4/9/2000 2:28:00 PM
From: Mike Redding	Respond to of 402

Jim, I think you have to take .75 of PRGN's price at the close Friday and then you're pretty close to HRBC's closing price on that same day. You're right though, what we need to find out is the date from which the stock swap will be effective in order to figure what we're actually receiving for Harbinger. Right now, because I'm unsure, I'm inclined to vote against it.

To: James Strauss who wrote (392)	4/9/2000 2:39:00 PM
From: jon sunray	Read Replies (1) \| Respond to of 402

I have observed other acquisitions involving stock exchanges and this one appears to be no different from the available public information. HRBC shareholders will get .75 shares of PRGN for each HRBC share they own, regardless of the price of PRGN or HRBC on the date of sale. The stocks of the two companies will be linked by the marketplace on a daily basis, provided the acquisition is still going to happen, so that HRBC's share price on a daily basis will typically track at approximately 75% of PRGN's share price. The combined company should make PRGN more attractive in the long term, and, hopefully, the investment community will ratchet its price up accordingly. HRBC's price will also follow the direction of any rises and falls. Hopefully, the immediate negative bailout of the PRGN investors will slow, then stop..followed by recognition of the value of the combined companies.