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To: R.S. Blum who wrote (1260)9/23/1998 10:06:00 AM
From: shane forbes  Read Replies (1) | Respond to of 5102
 
Boy that was a hoot - I'm laughing so hard it is difficult to write
but here goes.

I don't care what you gleamed from your source, the numbers
don't lie


My source - YOU have got to be kidding.
the numbers don't lie - YOU have now really got to be kidding!

(1) "My source" was the news conference announcing the Starfish acquisition by Motorola! Again check the URL I posted in my prior message and get RealPlayer and listen to it yourself - my "source" was pretty public and is one of the top guys at Motorola as opposed to "your source" who may be the Grinch Who Stole Chirstmas for all we know <g>. Again here is "my source":
events.broadcast.com
(be careful my source says this is classified information - TOP SECRET!)

(2) Where in the world is the corroboration of "the numbers"
from "your source" - all we know is that "your source" told you (and ONLY YOU) blah blah blah... No proof, no pudding <g>. Heck a couple of days ago I met someone who said Borland (who are they? <g>) is a database company and Paradox is dead - yup that was real good...

The point is that it all has to come from the horse's mouth - your source may be a talking small dog who in his spare time does commercials saying "Here lizard lizard lizard" for all we know <ggg>.

And BTW check out "your source" about the value of Starfish's
revenue run rate and also remember that young companies don't
need to have revenue of several million dollars right off the bat and
remember if the technology is valuable they don't even need to have
revenue and if they were going to do an IPO then 10MM or 100k or less per employee or 1 year's salary (on average) is pretty pathetic!

And re: A 'deal worth' can mean a number of things including the forward value to the combined entity

Well as long as the present value of that forward value is
several hunderd million dollars today then I don't care if the
forward value takes any value you want as long as I can convert my
portion of it to several millions of dollars today.

The gist of it is that if INPR is using their current assets (without the several millions from Starfish) to purchase 4.9 million shares they are pretty stupid. INPR took quite a lot of trouble to build up a decent balance sheet right now and burning 25-40 million of that to purchase stock is pretty darn senseless I think. The only
way you burn 25-40 million is if someone puts several million in your
lap and hopefully Starfish did that.

As for the stock price - stranger things have happened. I have seen
stocks so neglected and unwanted (small caps) that they did squat
for months/quarters even though they had good cash flow/hidden assets etc etc.

Shane (mid 30s by 2001)



To: R.S. Blum who wrote (1260)9/23/1998 10:31:00 AM
From: shane forbes  Read Replies (1) | Respond to of 5102
 
My source who said that the Starfish acquisition was worth several hundred millions of dollars said I could reveal his name: (drumroll)
BOB GROWNEY
PRESIDENT and CHIEF OPERATING OFFICER
MOTOROLA, Inc.
(and yes Blum I bet he knows Chris all too well!)

Will "your source" who said Starfish got bought out for $10M allow you to reveal his name?
No! Are you sure? Come on - one more time - the good old college (or
maybe octogenarian) try! Puh leaze! No. OK, I did not think so. O well maybe next time "your source" will be talking about all white-meat gorditas and forgo the big lizards thing...<ggg>

(yup folks if you believe that Starfish cost Motorola just $10 million <ha ha ha> (per Blum) then you have to believe that the PRESIDENT of
Motorola, a $25 BILLION company, went to San Francisco to announce a major $10 Million dollar acquisition. He must have seen a lot in his "10M" acquistion didn't he Blum! Unless of course he was just visiting the museum and decided to buy this company for the heck of it and give
a small presentation just while he was at it: <ggg>
events.broadcast.com )

<still laughing - thank you Blum you made my day <gggg> >

(mid 30's in 2001)



To: R.S. Blum who wrote (1260)9/23/1998 12:56:00 PM
From: David R  Read Replies (1) | Respond to of 5102
 
How can you value a company at $10B+ (YHOO) when they only have a ~$200M in revenues?

Emerging technology companies are not valued on revenue but on perceived value of their technology and or products.