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

To: Kashish King who wrote (8377)	1/4/1998 3:11:00 PM
From: Key West	Read Replies (2) \| Respond to of 10836

For the record, I have been following Borl since '91. Having been long for most of these 7 or so years has caused me tremendous consternation over the years. Currently long, no one on this thread wants Borl to succeed more than I. That having been said, I will take the liberty of sharing some concerns of mine on this thread. In '97, I lost over 200M on a company that had a great story, a viable product, and a growing customer base. I was in daily contact with the CEO, CFO, IR Dept, and large investors. In short, I could not be any closer to the situation, and yet within 5 weeks, the company died when its bank shut down its line of credit unexpectedly. My point is this. After these 'profound' life experiences, we hope we emerge smarter and wiser, which is sometimes the case. What did I learn? Many things, things which I have become incredibly sensitized to. Of the many warnings signs in my own fiasco ( in retrospect, of course) was the arrogance and cockiness of management towards its shareholders. Am I suggesting there are parallels here? You tell me. On the two occasions I called Borl, I found them to be a little too compacent about the recent share decline to my liking. The message I got was that if anyone couldn't stand the heat, get out of the kitchen. Now, this is something I would accept from a Michael Dell or an Andy Grove. Proven winners like this who have made fortunes for their shareholders have earned the right to say virtually whatever they like. Borland, on the other hand, has not yet earned that right. I have learned that the market is always telling you something, so to dismiss a move from 12 to 7 in about 2 months and blame it on "market action" is incredibly naive and absolutely arrogant. There is much controversy on this thread, and in the market, about the Visigenic acquisition. For management to feel as though they do not owe it to shareholders to explain this acquistion, is arrogant. What's worse, I know for a fact that Denise Franklin follows this thread. So management is very aware of the confusion surrounding this purchase. The markets have spoken, and yet management expects us to blindly follow Del. Sorry Borland, with your dubious history, you've not earned that right yet. Copy? I sincerely hope I am wrong about this, but I can't help feeling a certain sense of deja-vu here. Gene Piccoli