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

To: fyi who wrote (288)11/30/1998 5:59:00 PM
From: Woz  Respond to of 461
 
I'm no accountant, but looking briefly, results seem better than expected. Not as bad as they initially said.

EPS was $0.01
EPS (for ADR) was $0.04

Net cash actually increased by $1.5 mil...



To: fyi who wrote (288)11/30/1998 11:32:00 PM
From: randy  Read Replies (1) | Respond to of 461
 
It won't open at $6 thats nuts. Plenty of value in Mifgy. Flat earnings new CEO to help turn it around. Positive cash flow. This should jump to $15-20 within a few days. You also need to factor in the shorters. If this is seen as positive news the squeeze will add $5- $10 bucks.This stock was at $20 bucks a month ago and $60 bucks 6 months ago. It has already anticipated about the worst possible news. I think it has bottomed out.


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