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

To: Michael McIver who wrote (7646)	11/21/1997 3:05:00 PM
From: TonyM	Respond to of 10836

I guess where I am coming from is that the "true" value of the company would be more reflected by the 21 day average than whatever price it is actually trading at any particular moment. Since most of the discussion seems to agree that in the long term, acquiring VSGN will improve Borland buying VSGN at this price now is a good way to buy in cheap. I agree the price could well slide in the next few weeks, but over the course of 4-6 months the price should return to reflect the "true" value of the company. Of course the dilution of stock price needs to be factored into this too, so assuming 37 million outstanding shares, that give you a 23.5% dilution. My take on the arithmetic is $10.00 diluted 23.5% becomes a $7.65 stock. Exchanging VSGN for each .82 BORL gives you a breakeven price of $6.27. Is this math correct? Is the underlying assumption of $10 "true" value flawed? Tony