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

To: Bipin Prasad who wrote (7569)	11/19/1997 7:44:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 10836

BPP and Partner, Don't you think that dilution of the BORL stock is an issue in the current price? Has anyone worked out the percentage of new shares, and therefore the percentage the stock price is diluted just by the additional shares? I am wondering if even though the acquisition is healthy for the company on the longer term, perhaps the price of Borland stock will remain lower for a while because of the additional shares. What do you think? Linda

To: Bipin Prasad who wrote (7569)	11/20/1997 5:43:00 PM
From: Ghassan I. Ghandour	Read Replies (2) \| Respond to of 10836

Yes, Del is the sharp guy behind Borland's return. He is going to be the sharp guy behind Visigenic's return as well. As I posted earlier, this acquisition has almost been no event for the price of BORL as I think it was heading down from 12 anyhow. The price was under 11 only three trading days before and it had runup on COMDEX and the announcement of the JB C/S. There was going to be selling on the news and, as I told Mark three weeks ago, in connection with Nov. options, I expect BORL to close tomorrow about 10 (10 1/8 was my prediction). Again, I reiterate that I see 12 to 13 in February right after the upcoming earnings report (bold predictions - huh, but we will see!). My feeling is that Del expects a great earnings this time therefore he went ahead with the acquisition. To maintain his promess of one major software relelease per quarter, he had to take steps like this one, as he warned he will. This also explains why he was cautious about the speed of the company's return (many just didn't lissen!) I still have confidence in BORL under Del, and I think the stock will resume its boolish tone starting next week (after options expiration). David Miller's analysis of this acquisition was great (as usual) but I think Del made the same analysis to his collaborators and thinks it is fine. I am still waiting for David Miller's comments on the 10-Q. Go BORL... Ghassan.