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


To: David Miller who wrote (2622)4/11/1999 9:14:00 PM
From: TTOSBT  Read Replies (1) | Respond to of 5102
 
David well put. They sure left us speculating.

IMO Del was really shaken that the board started publicly showing disagreement with his plans. And they also started showing reduction in his decision making powers at Inprise. First after the year end and Q4 reports on January 27th they announced publicly that his name change had to go ie; "Borland.com". Then on March 1st they announced new appointments in line with those changes. Del being the top gun right out of retirement probably concluded the insults to come may not be so subtle and decided to take flight. After all it seemed for a long time the board was the only backing he had. What with prime executives Sippl leaving, the street's disrespect and this very thread's insults among some of the negatives I always wondered why he just kept quiet about the entire affair? But when the only solid support he had starting to show signs of crumbling it may have been the straw that broke the camel's back?

Inprise Corporation Appoints Marketing Vice Presidents
Senior Executives to Head Corporate and Divisional Marketing Roles
biz.yahoo.com


With it being so close to Q1 reporting and the company not yet making any pre-announcements and with Q4's report rather strong I say the jury's not out on this yet. Of course there is always the possibility of earnings restatement in a situation like this. But I think a company in that much trouble especially after executives depart would have came out with something by now? I think the board is being coy because they backed Del and turned on him it's a marriage gone bad and both parties just want out. It's a thin line between love and hate and this has all the markings of hate or fraud! I'm guessing the former?

"Enterprise software provider Inprise Corp. (Nasdaq:INPR - news) slumped $1 to $5 1/4 after turning in Q4 EPS that, at $0.06, beat last year's figure by a nickel and Street estimates by $0.02. The company said it is forming two divisions,Inprise and borland.com, and that the restructuring is expected to result in a 20% job cut.."

fnews.yahoo.com

Obviously the stock's fall from 6 1/4 in January probably had all to do with Del's departure and the uncertainty thereof. The fundamentals are in tact once those unknowns are made clear if not anything to do with fruad then we are back on track without the negative of Del for the street to take a fresh new look!

And that is my speculative spin til the truth be known!

P.S. Who knows may be we'll hear that Del brings a lawsuit againt the company? Because the way he left he may of felt his contract was breached in some way?

TTOSBT