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

To: David Miller who wrote (7805)	11/30/1997 7:21:00 PM
From: Edward	Respond to of 10836

All, If the deal for VSGN isn't closing until early next year, wouldn't this allow Del to say that there would be no dilution to earnings (implying this quarter)? Edward

To: David Miller who wrote (7805)	11/30/1997 8:56:00 PM
From: Kashish King	Respond to of 10836

The point is that the difference in value is meaningful right now for those buying BORL, because they are going to buy anyway. The conversion, on the other hand, isn't meaningful right now and you will see that gap close as the actual date draws nearer. That's the only point I wanted to make.

To: David Miller who wrote (7805)	12/1/1997 12:08:00 PM
From: Michael Coley	Read Replies (1) \| Respond to of 10836

RE: OPEN/BORL Arbitrage. >> And none of this achieves anything except to point out what I originally wanted to draw attention to - the continued existence of a substantial differential; the BORL/OPEN deal had no such phenomenon. << Actually, it did. If you search through my messages from that time-frame, you should find some of the details. From memory, the gap was about 20% for the first 5 minutes (when I did some buying), actually went negative, then settle back to around 8%. It then went fairly quickly to 5%, stayed there for months, and slowly dropped in the final month or so before the acquisition. - Michael Coley - i1.net