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

To: Ghassan I. Ghandour who wrote (9732)	4/3/1998 4:00:00 PM
From: Paul Corbett	Respond to of 10836

Ghassan, I was happy to see BORL had $87m cash at 31 December 1997. The 10K was about what most people would expect. I think VSGN had a bit of cash as well so there should be heaps of cash in the new company. They are going for a one off restructuring charge of 10-20 million which would be 25-50 cents per share. This is similar to what was announced at the time of the merger. I think you are being unduly cautious in bracing yourself for a drop to low 8's....it is trading well at low 9's and the market must have formed an opinion as to what the March qtr result will be. I think 8 1/2 on a really bad day would be the bottom but I don't think this will happen in the next 3 weeks. Good luck to all the BORL faithful...Go BORL