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

To: Ghassan I. Ghandour who wrote (2548)4/4/1999 11:26:00 AM
From: Shane Stump  Respond to of 5102
 
What you are missing is that it takes a lot of cash to operate a company that isn't making any money. If they have to purchase back the convertible stock and deplete their cash reserves, it could really get ugly.

Shane



To: Ghassan I. Ghandour who wrote (2548)4/4/1999 2:01:00 PM
From: George Lazar  Read Replies (3) | Respond to of 5102
 
Here is what you are missing. The mandatory redeemable convertible preferred stock was valued at $37M on Dec 31, 1998 -(it was $27M on Dec. 31, 1997.) If INPR decides to cash and have a $10M loss in the quarter, their cash position 85-37-10= $38M about 60 cents/share - if this is the case, INPR is practically bankrupt. This might explains their CFO's exit...


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