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Technology Stocks : Microprose, MPRS -- Ignore unavailable to you. Want to Upgrade?

To: Marc Bell who wrote (508)	4/15/1998 5:10:00 PM
From: Mad Bulgarian	Read Replies (2) \| Respond to of 633

Is there something significant about the price being exactly $2 - turning into exactly $10 after the reverse split? Seems artificial that the market makers are channeling MPRS so narrowly. I know that with other stocks the MMs might settle the price to an even number at option expiration so as to expire the most options worthless (or at least that's the theory) - but certainly not here. As for the reverse, it seems that the only negative is that shorting will again be allowed - and I don't think MPRS is a good short candidate, given the already battered price and the relative lack of liquidity. You short YHOO, not MPRS. Otherwise, why not reverse split? I totally buy the Co.'s response that visibility is way lower off the NASDAQ, and that holding rules might cause some institutions to bail. So we come to the bottom line: are they selling lots and lots of product for lots and lots of money?

To: Marc Bell who wrote (508)	4/20/1998 12:43:00 PM
From: Randy Tidd	Read Replies (1) \| Respond to of 633

> For the short term, it appears that almost everyone on Yahoo sees > the Reverse split as some real bad news for the short term price. > > I'm tending to agree with them as there is nothing here to hold up > the stock price. I don't see what the issue is -- stock splits (and reverse splits) are purely psychological. If the stock reverse-splits 5 to 1, all of the fundamental valuations (i.e. price/sales, price/book, EPS, float, etc) will also change by the same factor. Berkshire Hathaway stock currently trades for around $71,000 per share, but that doesn't mean it's super overvalued, they just don't believe in stock splits. Randy