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


To: i-node who wrote (4830)4/28/2000 2:05:00 PM
From: William Chaney  Read Replies (2) | Respond to of 5102
 
Let's give Dale Fuller some credit for not being a complete idiot.

Perhaps he was thinking the following:

Mr. Fuller will be Chairman of the Board in the new company. Mr. Cowpland has current legal problems that, if he is found guilty (even if he appeals) could result in him leaving the company, or justifying the board in firing him. I don't wish such a thing on him, but if such events occurred, as the COB and the senior former Inprise person, Mr. Fuller would then be in a position to control the resulting company, and perhaps step in as CEO.

Now, the present problem is the perception (completely justified, IMHO) by investors of Corel as a poorly run company. You would then have a Linux company with a distribution, well-known applications, and development tools. This would be a more complete company than Red Hat. Then, the story would go that the problems are gone and the company is being reorganized without all the excess past baggage. Mr. Fuller had perhaps not counted on the shareholders getting so mad.

Of course If I'm so smart why didn't I sell the day of the merger announcement at $14/share as I thought about doing? I looked at Corel a couple of years before and found it to have serious leadership problems. I'm going to vote my small number of shares as "NO!".

Sincerely,

Wm Chaney



To: i-node who wrote (4830)4/29/2000 1:20:00 PM
From: Kashish King  Read Replies (1) | Respond to of 5102
 
I don't know what was going through their heads that they could even entertain a merger with Corel given the dismal track record of that company. Aside from an 80's graphics package and some shrink-wrapped office bloatware that the company bought from Novell, the only thing notable coming from Corel is shameless rhetoric. It's a good thing we've enjoyed near exponential growth in this industry because that's allowed Corel to reach bottom and stay there. It's astonishing how little revenue Corel brings in given the size of the market. They've been treading water for years and filling in the gaps with failed development efforts like their Network Computer, Java Office Suite and a slew of side investments that went nowhere. The CEO of Corel doesn't have an ounce of credibility left, not a single ounce. Certainly not from what I can see in the press and certainly not with me.