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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: jopawa who wrote (2314)	2/5/1998 11:41:00 AM
From: OtherChap	Read Replies (3) \| Respond to of 4903

I just shorted a huge position between 23 and 23 1/2.. No company is going to offer 2 billion dollars for netscape, they simply dont have assets that are worth that much. What's going to happen is that netscape will get an offer for around 15 dollars a share, and the two parties will agree to let the hype die down until the share price is at 15 or a little below, then announce the deal. As soon as today's frenzy settles down, I expect to see the stock trading back at 20 by market close. Why would _anyone_ pay 2 billion for netscape? Hell, they already announced they are giving away the source code for their number one product.. Every tech company that collapses always has buyout rumors. That's rule #2 of the market. Rule #1 is don't believe rumors.