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

To: shane forbes who wrote (1258)	9/23/1998 5:05:00 AM
From: shane forbes	Respond to of 5102

INPR's current float is around 40 million shares: biz.yahoo.com Note that the buyback said 10% of diluted share count. Therefore with 5.9 million shares involved here (includes prior 1 mil. share purchase), this means we have around 59 million diluted shares. Thus INPR has to buy 4.9 million shares out of a float of 40 million or about an eighth of the float. If they succeed in fully carrying this out, it should make for an interesting next few weeks/months. (Note that they kept their word the last time out and did do the 1 million buyback in around 3 weeks from about 22 July to around 12 Aug, 1998. I guess they could/can do the private transaction thing as well and that would lessen the impact on the market price.) Looks like they did one purchase (presumably) today: quote.yahoo.com (since afer all who else would buy (assume it was a buy) of INPR stock - after all isn't the company going bankrupt? <g>) Shane (mid 30s by 2001)

To: shane forbes who wrote (1258)	9/23/1998 9:17:00 AM
From: R.S. Blum	Read Replies (3) \| Respond to of 5102

Shane, A 'deal worth' can mean a number of things including the forward value to the combined entity. I don't care what you gleamed from your source, the numbers don't lie! How can you possibly value a company at 'several hundreds of millions of dollars' when they are only doing a few million dollars a year in gross rev's? They did have a bright future in the Rex and Palm, but the rev's were just starting to come in. Kahn made this deal A) considering the price offer for the Starfish entity and B) the extremely lucrative package they gave him personally. The former we may eventually get an idea of, but the later we may never know. The key is, the former is the ONLY value that the INPR share will be calculated from in the net. Sooo, I guess if you break it down logically, I would seriously caution against your assertion to expect a $30MM+ windfall for INPR as you seem to be suggesting. I doubt we'd be sitting near our 52 week low if that was the case. -Scott