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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (12711)	1/15/1999 12:19:00 PM
From: MoneyMade	Respond to of 29382

Bob on cnbc said"MKTW will open between 60-70 a share

To: Sergio H who wrote (12711)	1/15/1999 12:33:00 PM
From: MoneyMade	Respond to of 29382

ALERT!!!DBCC at 29 7/8 get on it....MKTW 75 to 85 now accdg to Bob Griffith. M$ney

To: Sergio H who wrote (12711)	1/15/1999 12:55:00 PM
From: lostmymoney	Read Replies (2) \| Respond to of 29382

All, Rumor Oracle to buy SYBS, here is an article, By Herb Greenberg Senior Columnist 1/14/99 6:25 AM ET Seen Sybase (SYBS:Nasdaq) lately? If its stock is any indicator, the company looks like death. Since last September its shares have hardly budged, closing yesterday at 6 15/32. Meantime, its competitors have sprinted. Oracle (ORCL:Nasdaq) has more than doubled and Informix (IFMX:Nasdaq) has more than tripled. With the stock so low, however, some analysts believe investors may start losing their patience, especially if industry rumblings from last fall had any merit. The story making the rounds at the time was that Oracle had offered to buy Sybase for $12 per share. First Albany analyst Rob Tholemeier, the only analyst who still ranks Sybase a buy, says that at the time he asked then-CEO Mitchell Kertzman if the story was true. He says that Kertzman, who has since gone to run a company started by Oracle, would only say he'd take what he considered to be "a reasonable offer." Considering that Sybase was never taken over, "either they weren't offered 12 or 12 wasn't considered reasonable," Tholemeier says. Sybase officials haven't ever said whether the story is true, but Tholemeier and others suggest that unless the company takes direct action itself, it's ripe for some sort of stock-boosting event. "There's currently a reorganization going on that sounds like an academic exercise, where various fiefdoms are screaming for their day in the sun," he says. "What is really needed is a financially oriented reorganization with drastic cost-cutting and a focus on maximizing cash generation and meeting Wall Street estimates." Through cost-cutting is something Sybase has actually done well over the past two quarters, digging itself out of several years in the red. Revenue growth, however, hasn't followed. CEO John Chen says he's as frustrated as anybody else by the cold shoulder from Wall Street. "If you look at our stock price today, with 80 million shares outstanding, we have a $500 million market cap," he says. "But I have $220 million in cash. That means I'm valued at $280 million net of cash. And last year I did $907 million in revenues. That means something is grossly wrong." Chen says he believes the company's latest restructuring, which breaks the company into three high-growth areas, "is a sound business strategy and now we need to execute on it." Maybe so, but Tholemeier says he believes the company's assets are worth around $1.7 billion, or $22 per share, especially if a buyer cuts out additional overhead. (Informix, with $700 million in sales last year, has a market cap of $1.9 billion.) Has the low stock price attracted any potential suitors? Reliable sources tell me Oracle has recently made an offer in the $10- to $12-a-share range. Chen won't comment, other than to say,