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

To: sjemmeri who wrote (2236)10/13/2000 11:55:06 AM
From: Carl R.  Read Replies (1) | Respond to of 2383
 
No, I have heard nothing new. My understanding of the deal is that it is essentially all cash. While we get some stock in PC-Ware, we are required to sell it, and PCWare then will make up any shortfall. Thus after the deal closes PROG will have about $3.25 a share in cash plus the Domestic operations and no debt. Obviously the only risk at this price is that the deal doesn't close.

Carl


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