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

To: Woz who wrote (372)	1/4/1999 10:24:00 AM
From: Ian Burton	Respond to of 461

MIFGY featured in a number of tips for 1999 in the UK press. In particular a stockmarket newsletter called Techinvest tipped it for 1999. In the debate over MIFGY cash it was interesting to see Techinvest report "Cash at Oct 31 was $129M (90 cents a share). However only $7M of the merger cash-costs had been paid out by then. Allowing for the remainder reduces the cash-pile to $100M". They go on to forecast growth rates of 25-30% in 1/2 quarters when the restructuring is complete. Their view is also the the class actions are an irritant which are not going to unduly pain MIFGY.