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


To: Ghassan I. Ghandour who wrote (2225)2/27/1999 12:16:00 PM
From: Cube  Respond to of 5102
 
Ghassan,

Once again, congratulations on your trading prowess. Wish I had been there with you on some of those.

INPR seems to be fighting its way, on its own, after the company stopped buying back. I do like what I am seeing as stock action in this very tough market.

I must disagree with you about the above statement. This is not a tough market. This is an incredibly good market, especially for tech stocks. The Nasdaq is near all time highs and was increasing all while INPR dropped so dramatically. The fact that INPR broke its trading range of 4-3/4 on heavy volume, and the bounce back up to 5 the last 2 days has been on very light volume, is some very poor stock action in my opinion. Especially in a market that is so favorable to tech stocks and pseudo internet companies.

I am not a programmer. Anybody on this thread knows more about programming than I do. I have friends in the business that tell me BORL products really are great products. Others tell me they are as good as the other programming tools, but nothing extraordinary. None of them know anything about INPR. All the good things I hear from the professionals is in reference to the BORL products. The Inprise strategy is a failure pure and simple. Most people I speak with, still call it Borland. They say, "Oh yes, I guess its called something else now." The Borland product line is not enough to sustain the still too high PE of 32.

A buyout could happen. Anything can happen. I just think it is a sad commentary that Dilbert has left his investors with a buyout as a last hope. There were too many good, loyal, patient investors in this company to have been so profoundly disregarded.

Cube



To: Ghassan I. Ghandour who wrote (2225)2/27/1999 2:31:00 PM
From: Charles Hughes  Read Replies (1) | Respond to of 5102
 
Hi Ghassan. Yes, the stock bounced off the day-ending historical low of 4 3/4 during the day a couple days ago, and is drifting north on its own power, seemingly. Since it can't be shorted below 5 it will probably stay close to the there until we are closer to quarterly earnings or some other real news. I don't think there is any selling pressure except that coming from the shorts above 5. (The smart shorts ought to be quietly getting out of their positions now.)

The last week the stock held up pretty well considering NASDAQ was really tanking. At some point the fact the company is profitable is going to work its way into increased revenues as well. I keep this one in my pension account for the long term and don't sweat it. Either eventually they will grow their way out or be bought out. They will look especially good after the MSFT changes that will be coming from the court.

I got a little more below 5 the other day.

Chaz



To: Ghassan I. Ghandour who wrote (2225)2/27/1999 3:15:00 PM
From: Sam Scrutchins  Respond to of 5102
 
INPR seems to be fighting its way, on its own, after the company stopped buying back. I do like what I am seeing as stock action in this very tough market.

Hi Ghassan,

Agree with you here. The two recent press releases seem to have stabilized the stock. It seemed pretty clear with the dip below 5 that Inprise had finished its buy back, and the stock was continuing to slide. But subsequent to the releases, there seems to be a lot of bids coming in at or just below the market. Wish I had a level II screen to see the extent of those bids.

Good Luck,

Sam