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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: seth thomas who wrote (2510)	9/29/1998 9:22:00 AM
From: Trader Dave	Read Replies (1) \| Respond to of 3033

No steve, it is by far and away not the lowest valuation of any profitable growing enterprise software company. I know of growing profitable enterprise software company trading below tangible book value. I would argue that currently vntv isn't a takeover target. Options were repriced at around $13 which suggests a takeover above that. That's all well and good, but M&A transactions are rarely for much more than a 50% premium over current stock price, so I'd doubt the company is for sale. With continued high rates of turnover at both rank and file levels and in senior management, i think it's worth it to wait it out until we have evidence that the bleeding has subsided. Even with an in-line with reduced expectations quarter, the street may not care much. TD