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

To: Linda Kaplan who wrote (7630)	11/21/1997 10:08:00 AM
From: Neil Booth	Read Replies (4) \| Respond to of 10836

Can you say what percent of dilution there actually is? Well, there's 39m BORL shares outstanding (according to Bloomberg, give or take a few). We know 12.5m will be issued. So, if you held 100% of BORL before, you'll know own 39 / 51.5 = 75.7% of BORL aftewards. It all depends on what you mean as dilution; i.e. what you're taking as a percentage of what. I reckon 100% ownership -> 50% ownership is 50% dilution and not 100%, so I'd call it about 24%. And what your projection for BORL's price in a year is, given these changes? Haven't a clue, but I reckon upwards of $15 is a safe bet. My guess is that by then all the smoke will have cleared and their positive direction will be all the more apparent. Wish I knew what other stocks you own Nothing much is the honest answer! BORL is by far the majority of my holdings. Incidentally, just because I can divide a few numbers here and there doesn't mean I'm any more right about stock picking than the man on the Clapham omnibus <g>. (but I'll take on most people when it comes to interest rate arbitrage!) Neil.