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

To: Can Ozturan who wrote (731)	7/29/1998 12:15:00 PM
From: TTOSBT	Respond to of 5102

Re: "TTOSBT, i absolutely do not understand what you are saying and how you are coming up with these numbers and reaching those extra negative conclusions that give the impression that inpr is a sick man of software industry whose end has come." Here is the link and full story from yesterday (which I assumed thread read): go2net.newsalert.com Inprise Corporation Announces Completion of $11 Million Dollar Equity Financing PR Newswire - July 28, 1998 13:29 SCOTTS VALLEY, Calif., July 28 /PRNewswire/ -- Inprise Corporation (Nasdaq: INPR) today reported it had raised approximately $11 million through the issuance of additional Series B Convertible Preferred Stock ("Series B Shares"). The sale, which was contemplated by the terms of the financing announced by the company in June 1997, resulted from the exercise of rights held by investors to acquire additional Series B Shares. In connection with this closing, the company issued 220 Series B Shares and warrants to purchase 88,000 share of the company's common stock. Each of the newly issued Series B Shares is convertible, at the option of the holder, into shares of the company's common stock based upon a conversion price equal to $6.875 or if lower, the lowest closing market price of the company's common stock during the 7 trading days prior to the conversion date. The warrants have an exercise price of $8.59 per share. Inprise Chairman and CEO Delbert W. Yocam said, "We are pleased that the Promethean Group LLC and the investors they represent have expressed their continuing confidence in Inprise Corporation and its turnaround by exercising their rights to acquire these additional shares and warrants. These funds will help demonstrate our even greater financial strength and viability to our customers and partners. We can use these funds to assist our continued ransformation into a provider of enterprise software and services." Previously, Inprise issued 550 Series B Shares, together with warrants to purchase 220,000 shares of the company's common stock, for approximately $27.5 million, net of issuance costs. Subject to certain conditions, until December 31, 1998, the company has the right to require the investors to invest up to approximately $25 million for additional Series B Shares. Unless the company exercises such right, the investors have no further right to acquire Series B Shares. Re: "Just give us more details in your messages, otherwise I'll have to just stop reading your messages..." That is what the "next" is all about! TTOSBT