Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Coy Lynn Gullett who wrote (576)	5/21/1998 11:52:00 AM
From: John	Respond to of 633

Coy, Thanks for your response to my questions - I was especially glad to hear that MPRS has a 5 title agreement with FASA. I agree that BROD would be the best since they have cash to pay. If ATVI tried to buy them for say 100 million, they would have to dilute their shares by almost half, and we might have another "situation" like we did with GTIS. Who knows, Maybe GTIS will go for it again, but this time at a better price. I still would love to have my stock converted to GTIS some time this summer. I suppose Cedant and ERTS are the other possibilties. Only other company I can think of is EIDSYS, though I know nothing about them, or if they are even in a position to make an offer. I hope you are right about 150 million (5 pre split) - that would be an incredible. Personally, I have been so depressed lately that I was thinking 3 - 3 1/2 would be fine, get my money back plus a modest profit. John.

To: Coy Lynn Gullett who wrote (576)	5/21/1998 1:53:00 PM
From: Bonzo	Read Replies (2) \| Respond to of 633

Coy I believe Maxis went for about 2 x revenue ($125M). I would not be happy with a buyout for anything less than 2 x sales. If MPRS trailing revenue is $60M then $120M minimum or about $20.00/share. However revenues should begin improving with the current quarter so your $150M figure is quite realistic or about $25./share. I'm waiting for things to stabilize before I "average down". I do not trust management for a minute "the low water mark" comment they made and yet almost in the same sentence state "we are actively seeking a merger or strategic partner" - what if they don't find one? There may not be any water left. Sorry its hard to be optimistic at this point.