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To: Kent Rattey who wrote (10598)2/27/1999 6:44:00 PM
From: jach  Read Replies (1) | Respond to of 12559
 
Getting 110 engs for 88 million is really a great move. Go check how much LU had to pay for ASND engs. Typical acquisition here average 3 to 5 millions per head count (this includes every body) for startups. LU paid many times more than this average.



To: Kent Rattey who wrote (10598)2/27/1999 8:27:00 PM
From: Luke  Respond to of 12559
 
>>>>> From: Kent Rattey
Saturday, Feb 27 1999 6:26PM ET
Reply # of 10600

<When is the last time you tried to hire anyone with decent
technical skills recently? You can't, unless you steal them, and that
gets very expensive fast.>

I'm quite confident I could hire 110 engineers that could amass the
fortune of a little over $1,000,000 in tangible net worth over 9
years, for less than 81,000,000.
>>>>>>>

You can say all you want but I do not think you can do it. That's why many companies buy the technology instead of building it.
Even if you could build it and take 9 years, it's too late.



To: Kent Rattey who wrote (10598)2/27/1999 8:29:00 PM
From: J. Plesha  Read Replies (1) | Respond to of 12559
 
Yes I could get them at your price too. But, they would be coffee drinking shmoes who couldn't produce a good product. Even if a gun was held to there head. I also am assuming that there are no other tangible assets in the company, or are we only talking engineers?

About the chart the PE and comparing to CSCO, snore. I've owned this stock since before I was a member at SI. Experienced the great japan shortfall(It seemed like a long way down). But as with many on this board, Jas, Glenn, and CJ, we survived it all. I'm not sure about the BMFM though.

I am more from the techie side of the tracks and actually use and work with this equipment. Can't you tell from my spelling.

Jas could I get an honest opinion about the management and marketing aspect of this acquisition from you. Think it has a chance? I think Gill has done a decent job, not great but good.

Please excuse any perceived brashness, writing and posting on message boards is an art form.

Joe P.



To: Kent Rattey who wrote (10598)2/27/1999 11:15:00 PM
From: Boris Reynov  Read Replies (1) | Respond to of 12559
 
Comparing the price of the established company with IP and KH and the price of the same number of engineers collected by recruiters can be done only by the person who knows nothing about high tech. This calculation may be partially correct for used car dealership. 2.5 mln per engineer is considered cheap in Silicon Valley for the company with hot technology.