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

To: Chris A. who wrote (3410)6/10/1998 11:24:00 AM
From: Uncle Frank  Read Replies (2) | Respond to of 4903
 
>Can anyone comment about strong *rumors* of an impending buyout by Big Blue?

Yes; it isn't true. There have been waves of rumors like this, probably started by wishful thinking thinking investors (like me) that would like to recover a portion of their losses. But if there were any truth to it, Jim Barksdale would be facing prosecution for insider trading since he purchased 300,000 shares in the last 10 days; I think he's a little too smart to put himself in that position!

Frank



To: Chris A. who wrote (3410)6/10/1998 11:56:00 AM
From: Bearded One  Respond to of 4903
 
It doesn't seem in IBM's or Netscape's interest right now. Netscape would be helped by IBM's assets which would negatively impact the DOJ investigation against Microsoft. Since IBM can help Netscape "on the sly" anyway, and since Netscape is in reasonable financial health, why not wait until Microsoft gets hit a few more times?


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