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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (10903)	5/21/1998 8:42:00 PM
From: Laker	Read Replies (1) \| Respond to of 14631

This is not lost revenue. It is just a timing issue - - a case of the checks are in the mail. They'll just take a couple of years to get here, but they'll get here. Look, in April the earnings (as reported then) were stellar. A profit over an expected loss. Well, the "profits" were trimmed, and IFMX still had a profit. It beat the Street. I would blame the accountants for not pushing their view. By the way who issued yesterday's financials. Must have been E&Y, no. The new firm couldn't have come up to speed so fast. Bob, doesn't IFMX have losses to cover years' worth of income. These will be good quality profits when they come in. BTW, I bought some more last week. I bet I could be a plaintiff in somebody's class action. Plaintiff's lawyers', kindly email me the affidavit to sign. Hit me, JC!!!

To: Robert Graham who wrote (10903)	5/21/1998 9:22:00 PM
From: Austin	Respond to of 14631

Mike Stonebraker has consistently sold stock every quarter since he was legally allowed to after the acquisition of Illustra by Informix. I believe he got badly burned on his Ingres stock (acquired later by Computer Associates)and did not want this to happen again. He is simply cashing some out each quarter to diversify....smart. The previous post regarding "windows" of time for Informix Execs to sell stock is correct. Everyone (including Mike S.) was restricted from selling for a period of time when they were out of compliance with the SEC filings.

To: Robert Graham who wrote (10903)	5/22/1998 9:38:00 AM
From: Mark Finger	Read Replies (1) \| Respond to of 14631

>>So what you are saying essentially is that this sale by Mr. >>Stonebraker is in its timing can be considered a "regular" sale that >>would of transacted irregardless of the recent news. Yes. Dr. Stonebraker is probably the biggest individual stockholder in IFMX (with the possible exception of the Arab prince?). He has most of his holdings as stock instead of options, because he was the founder of Illustra. I suspect that he actually still holds 500-800K actual shares (as opposed to options), so at this rate, it would take quite a while to sell off his holdings. I also believe that Dr. Stonebraker is still holding his professorship at Berkeley. I have further heard that he also is thinking about some other products and potential new companies. This is the thing that Roger Sippl did during his latter time at Informix when he was doing the same kind of regular sales; he was starting at least 2 companies, one of which was Visigenics, recently sold to Borland. I hope this provides some better clarification. Mark