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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: david thor who wrote (7497)	11/18/1997 4:39:00 PM
From: Eugene Kislenko	Read Replies (1) \| Respond to of 10836

* David and ALL * Here is another "fresh" posting on the deal: ================================================== ****Borland To Acquire Visigenic 11/18/97 Newsbytes, Tuesday, November 18, 1997 at 15:29 LAS VEGAS, NEVADA, U.S.A., 1997 NOV 18 (NB) -- By Bob Woods, Newsbytes. Application development technologies provider Borland International [NASDAQ:BORL] said it plans to acquire Visigenic Software [NASDAQ:VSGN] in a stock swap deal valued at more than $140 million. Details of the deal were announced during a news conference at Comdex Fall in Las Vegas Tuesday morning. Visigenic is described by Borland Chairman and Chief Executive Officer (CEO) Del Yocam as a leading provider of Object Request Broker (ORB) technology, which essentially sends information among applications, to the computer industry. Visigenic's VisiBroker is a de facto standard ORB technology in the computer industry, Yocam said. The company is in license agreements with companies including Oracle, Netscape, Novell and Sybase, officials said. Visigenic is also a provider of CORBA (Common Object Request Broker Architecture) distributed object technology for integrating heterogeneous software environments. Yocam said with Visigenic under Borland's belt, the combined company will be able to accelerate its growth in the enterprise market. The addition of Visigenic's distributed object technologies will allow Borland customers to mix legacy, client/server, Internet, and object- based applications into a single, distributed Information Network application, officials said. "The acquisition will firmly establish Borland as the leading platform independent provider of a complete solution for developing, deploying, and managing business-critical distributive enterprise applications," Yocam said. In combining Borland and Visigenic technologies, Borland customers can develop, deploy, and manage sophisticated distributed applications on multiple platforms, including Windows, Unix, AS/400, and MVS, Borland officials said. Terms of the agreement call for Visigenic stockholders to receive .81988 of a share of Borland common stock for each outstanding share of Visigenic common stock, Yocam said. About 12.5 million shares of Borland common stock will be issued at the close of the transaction, which is estimated to occur in the first quarter of calendar year 1998, he also said. The transaction is intended to qualify for a pooling of interests accounting treatment. Yocam said Borland has "done its homework" with its acquisition of Visigenic. "Although acquisitions are always challenging, we are confident that we can efficiently integrate our company and still meet our business objective for the next year." Newsbytes notes that Borland has been in financial hot water. But the company broke even in the summer quarter, and made a profit in the fall quarter. Reported By Newsbytes News Network: newsbytes.com . (19971118/Press Contacts: Susan Walker of Neale-May & Partners, 415-328- 5555 ext. 119, for Borland; Bill Cox, The Horn Group, 650-579-6449 for Visigenic /BORLANDLOGO/PHOTO) ================================================== Does it seem to you guys, that Del is confident in results of this deal. It sure does to me. Good investing to all. EK P.S. Bold in the article is my.