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


To: Cube who wrote (1528)10/29/1998 12:14:00 PM
From: TTOSBT  Read Replies (1) | Respond to of 5102
 
Re: "Book value is a current number, it's never calculated on a forward looking basis. Also, you have to be sure and subtract the total LIABILITIES from your calculations of cash, current revenue, current assets, etc. That is how you arrive at a book value, and for INPR that is $2.30 per share."

Well they were not my calculations I believe I did state in that post that I had read them and not that I had calculated them. And I never mentioned book value I was always referring to stock's valuation.

Now it is becoming very apparent that you would love for everyone to feel that the company's book value and "LIABILITIES" should be considered at this time as if they are going belly up. First of all they have little or no debt so there will not be a run on the company from debtors. Secondly they own the buildings and property they do business in. Thirdly they have plenty of cash on hand and using it very prudently to buy their own stock and for increasing world wide sales force for training. Fourtly the world wide interest rates are low and going lower not just for INPR but for their customers this is very positive for sales. Fifthly the Street is discounting every conceivable negative when looking at INPR so there is no stone unturned that will show a big negative surprise. And lastly with the liquitity problems in the financial markets everyone will soon be looking to buy cheap when they look at the way this cheap company is holding down debt and using cash a slight potential earnings increase is going to go a long way in valuation.

Now about the book value. I'm sure if you were to start offering INPR shares at $2.30 on this thread right now you will get more than a few takers. At least one buyer will take 4.4m shares off your hands at that price after next week's quite period!

TTOSBT