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 : Optibase LTD Nasdaq OBAS -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (187)	12/26/2000 5:47:21 PM
From: michael_pdx	Respond to of 217

Since the summer of 1999. Do you have any thoughts about the company they acquired this month? Perhaps they were buying management skills as well as the company. Just a guess. I am glad they found something to do with the cash from the secondary. It didn't make sense for it to just sit there. Mike

To: caly who wrote (187)	12/26/2000 7:02:23 PM
From: Geoff Altman	Read Replies (1) \| Respond to of 217

I still follow the stock but I sold my position a couple months ago. As far as the VG acquisition, they seem to be a pretty nice fit. OBAS had a CC on it and were projecting 60-70% growth on a yearly basis. There's still a ton of questions about the buyout that OBAS hasn't answered yet but they said at the CC there would be a news release about that in Dec.....I'm still waiting. During the CC they said that Media Gateway was being well received but so far they've only announced one deal with a small company. They also said there's a one time charge of $10M followed by a recurring charge of $4M per quarter acquisition charges. What a difference a the market makes.... OBAS is trading around the same price as when I first bought into it in June of 98! I still see it as a good company but they have a ways to grow. I've got more questions than answers about this one.