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 : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Scrutchins who wrote (609)	7/23/1998 7:58:00 PM
From: Paul Corbett	Respond to of 5102

As long as INPR trades above 6.8125, your "double bottom" theory is correct and INPR will move up slowly. The share buy-back will help...to buy back 1m shares over approx 60 trading days would require a rate of about 20,000 per day...nice business for someone...I wonder who they have selected as broker? INPR's cash position is good they have $80m+ and should get about $30m from Starfish. After a buyback of $10m this should leave about $100m cash. If they only spend about $7.5 - $8 m on the buyback, then they could easily repeat the exercise next quarter. If they do there is every reason to believe the 6.8125 level will hold.