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

To: Kashish King who wrote (7665)	11/23/1997 6:28:00 AM
From: Neil Booth	Read Replies (1) \| Respond to of 10836

All the sudden there are 30% more shares on the market and one should expect, all else being equal, that the price of BORL stock would drop at least 30% to $8.40. Oh yawn, looks like Rod's sold his holdings again. Let's follow Rod's logic a bit further. Suppose they bought a company for $400m and issued 100% more shares to pay for it. Let's see, that means a drop of "at least" 100% in BORL's share price. duh..... We should expect BORL to be trading in the $7 to $9 range based on simple arithmetic Simple and incorrect arithmetic. They ask these percentage questions to 8 year olds. Surely a proud C++ programmer who's been around like you wouldn't make such simple mistakes? Neil.

To: Kashish King who wrote (7665)	11/23/1997 9:36:00 AM
From: i-node	Read Replies (2) \| Respond to of 10836

We should expect BORL to be trading in the $7 to $9 range based on simple arithmetic. Nonsense. The process of valuing a business is certainly not limited looking at its earnings or loss, which is precisely what you've done. You analysis totally overlooks the possibility that VSGN's software might have some value. You have reduced Borland's price by the dilutive effect of the additional shares, then reduced it again for some meaningless prior quarter loss of VSGN's. Where do you increase Borland's price for the value of VSGN's net assets?