Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David R who wrote (4875)	5/12/2000 9:25:00 PM
From: Kashish King	Respond to of 5102

I disagree insofar as JBuilder (and the JBuilder team) is worth the difference between the cash they have right now and another 400 million. If you look at companies like BEA systems, a tool like that is of astronomical value. Want to merge? What about Iona? Then there's Oracle: they must have some sweet deal because their future is entwined with JBuilder, although they are still very much a PL/SQL driven company. That's changing rapidly. I think it would be a huge mistake to underestimate the value of JBuilder to any turn-key JSP/XML e-commerce development suite. Clearly they are ahead of IBM and Sun here. I really think this is a slam-dunk $400 million on top of the cash and probably a lot more. Give Dale and the BOD the golden boot and let them move on with their lives. This company's gotten too valuable in the last year and the time is ripe for a serious AQ. Forget the misrepresented financial status of Corel, the drop in the stock price and so on. Even at the time of the deal this made no sense whatsoever. Then again, I didn't ponder it for a whole two days. I am still boggled by this. BTW, the Corel plants are now threatening detractors. It's the cornered rat reaction so I think things are looking up. I guess they tried this with the killthedeal dude, too. It doesn't appear to be working, however.

To: David R who wrote (4875)	5/12/2000 11:47:00 PM
From: Kashish King	Respond to of 5102

Another historical link: Message 13704933 Another GEM from last year. A month after this he made the comments about inked Linux deals with Compaq and Toshiba and a slew of multi-language versions almost ready to ship -- whatever "soon" means. Please don't assume this is all there is. This general pattern has been going on for as long as I remember. I still have an open mind and would change my opinion if any of these plants could actually provide me with solid reason to do so. ****************************************************** Corel's Cowpland charged with insider trading (Excerpt from article by Jack McCarthy, IDG News Service, October 14, 1999) Michael Cowpland, president and chief executive officer of Corel Corporation, has been charged by the Ontario Securities Commission with three counts of violating Ontario securities law. The commission charged Cowpland with using insider information about a lower-than-expected quarterly financial report for Corel's third quarter of 1997 to sell 2.43 million shares of Corel stock for about $14 million, said Frank Switzer, manager of corporate relations for the Ontario Securities Commission. The commission also charged Cowpland's personal holding company, M.C.J.C. Holdings Inc., with a single count of violating Ontario Securities law, Switzer said. "He is charged with what is commonly known as tipping, with making insider trading and with making a misleading statement to the securities commission. The holding company of which he is a director did the trade," Switzer said. "We allege he was in possession of a material fact that Corel would fall short of the forecast for the third quarter of 1997 by a significant margin." The commission administers and enforces securities legislation in the province of Ontario. Corel is based there in the city of Ottawa... *********************************************************

To: David R who wrote (4875)	5/13/2000 12:40:00 PM
From: Kashish King	Read Replies (2) \| Respond to of 5102

There are some similarities between Inprise and Corel that should be pointed out, although Inprise is still head and shoulders above Corel. From a product point of view, this merger is akin to a failing re-seller of used lawn mowers hooking up with a machine tool manufacturer -- two guesses who the used lawn more company is. The similarity is that Corel developed a single successful product and has using residual sales to keep afloat without anything really new. Likewise, Inprise IDE and language products had been about it for them and they've been milking that for years. Inprise failed miserably to repeat the success of BEA Systems in the Application Server market and that's just poor execution and management on their part. In walking into Corel's office, they demonstrated more of that rank amateur ineptitude or un-gettedness, if I can use my own personal vocabulary. Meanwhile, they still maintain a very solid technical lead in Java development tools. I really don't think Inprise management understands the value of those tools. This is the company they should be hooking up with: BEA Systems (SYMBOL: BEAS)