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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2194)	5/7/2000 12:27:00 AM
From: Carl R.	Respond to of 2383

Well Zeev, that is encouraging. My old rule is that when Zeev says "we have one more leg down", that means the bottom is in and it's time to buy. <VBG> I personally think it may test 3.25, but will succeed, following which it will move up. How high, I don't know, but it will move up to at least 5.50 in my opinion. Carl

To: Zeev Hed who wrote (2194)	5/7/2000 12:53:00 AM
From: Webster Groves	Respond to of 2383

I did not believe your previous prediction of a drop to 3, but put in a bid near there on a lark -- no fill. Now I believe your crystal turnip ball, and so have increased my bid. Let's see if you're right again. I imagine others are waiting too, so any drop might see buying resistance. -wg

To: Zeev Hed who wrote (2194)	8/11/2000 11:56:33 PM
From: Carl R.	Read Replies (1) \| Respond to of 2383

According to the 8K that was filed, PROG must sell the shares of PC-Ware that it acquires. If the proceeds are less that 4.5 million euros, PC-Ware must pay the difference. If the proceeds are higher than 4.5 million euros, PROG remits half the difference to PC-Ware. Thus this is for all practical purposes an all-cash deal as PROG will end up will no interest in PC-Ware, just 14.5 million Euros ($13.1 million US dollars). The 8K also states that PC-Ware will take possession on 12/31/00, so PROG will get to keep the profitable Q4. I further note that due to the shrinking sales in Europe (primarily Netherlands and France), and the rising sales in the US, PROG is down to only 59% European sales. Carl