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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Marc Slovak who wrote (12032)	10/7/1998 6:18:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 14631

its ok if redb has a lot of cash as some have suggested.

To: Marc Slovak who wrote (12032)	10/8/1998 11:26:00 AM
From: Dave Yenne	Read Replies (2) \| Respond to of 14631

Guys you're looking at very old numbers for Redbrick. If you look at the 10-Q for Q2 that was filed with the SEC, Redbrick only has $8.9MM in working capital. They also have been experiencing losses of $6-7MM per quarter for the past year. Redbrick is far from a cash rich company. Redbrick's installed customer base is about 300-350. Informix doesn't gain very much at first glance on this deal. This was a for stock deal which add additional EPS dilution on top of the preferred conversions still to come.