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Technology Stocks : Merant - MRNT (formerly MIFGY) -- Ignore unavailable to you. Want to Upgrade?

To: fyi who wrote (244)	11/9/1998 8:00:00 PM
From: fyi	Read Replies (1) \| Respond to of 461

You are right. MIFGY is sitting on approximaely $100 million of cash once the acquisition costs are fully paid out. That is something like $5 a share, or slightly less. It would appear to all anyone not with their head burried in the sand that there is something mighty funny going on here. IMHO, the first chapter of that funny act probably involves some very active groups in the US that make their living by acting together to drive down the price of a stock and thereby by implication, acting as a group to victimize those who are squeezed out by lowering prices. Is that legal ????????? IMHO if there needs to be a government investigation, it would seem only sensible to start right here and look for a pattern of collusion to profit by driving the stock price down. The trading records are public so if such a scam were present it should not be difficult to identify any collusion. From there, stockholders should consider a lynching of MIFGY management for not better explaining what is going on. It is they that led stockholders to believe certain things at the time of the acquisition and it is now their obligation to speak up rather than to try to cover their buts by puttin g out the relatively meaningless press release of last week!!!!!!!!!! There was not enough information in that press release for any intelligent individual to judge what was going on. That provides the perfect environment for any the groups around the country, and they do exist, who make their living by driving stock prices down. I suppose then it could be profitable once the stock price is driven down beyond all reasonable limits to cease the trashing act and buy back in as the stock returns to its fair/normal valuation. After all, MIFGY has about $5 per share cash in the bank and ongoing software products businesses that could be conservatively valued at well in excess of $500 million (see the earlier posting today). And they seem to be sitting on their hands after loudly dropping a bomb shell last week with no further explanation. Mighty strange way to guard the stockholders best interests !!!!!!!!!!!!!!!

To: fyi who wrote (244)	11/10/1998 7:32:00 PM
From: fyi	Read Replies (2) \| Respond to of 461

There is about $4-5 of cash behind every share, so at today's close of just under $10, the real valuation of MIFGY as a software business is just under $6. The thoughts presented below are merely opinions so if someone else out there has better ideas please speak up !!!!!!!!!! I would agree once again that all the telltale signs are out there of collusion on a large scale to drive share prices down. With such telltale signs, the SEC should clearly investigate this one with a fine-grained microscope. If collusion is occuring, those doing such are acting to unfairly benefit at the expense of existing and prior stockholders. Would that not be illegal ??? As much as one might suspect collusion here, even more pronounced is the lack of voice and direction on the part of MIFGY management. Are they on vacation somewhere out on a cruise boat circling around Atlantis ??????????????????????? Just examine how badly they have allowed this situation to get. An apparent policy of silence allows the collusion, or whatever you care to name it, to run rampant. There an umpteen reasons why the merged companies can leverage the strengths and software assets of one another to build a better future. It takes no brain surgeon to figure out a good and compelling strategy. That process should take about one week and should have been done at least 3 times over before the acquisition was finalized !!!! But, it will take leadership. Has anyone out there heard a peep from management ???? If so, was there anyone else in the room ???? What did they say ???? If so, it is certainly the best kept secret in town !!!!! If management did not know what to do with the acquired ISLI assets, then why did they make the acquisition ????? Look at the numbers behind why the stock price makes so little sense. To the $4-5 of cash per share, add the share value of the PVCS franchise which could be reasonably estimated to have a scrap value of $10 per share, then add the share value of the Data Direct franchise which could be reasonably estimated to have a scrap value of $5 per share, then add the share value of the Cobol tools franchise which could be reasonably estimated to have a scrap value of $10 per share. The total comes to a scrap value per share of $29. Multiply that by some factor greater than one for the value as a going business, and the utter silence of MIFGY's management becomes even more outrageous. The way things are going some scrap value expert is going to come to town and buy up a controlling interest in MIFGY on the open market before it dawns on management what has happened. Such an action would certainly be masked by any possible collusion going on.