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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: P314159d who wrote (2865)	4/21/1999 7:05:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 3033

I wouldn't be so sure of a 100% return for a buy-out of Vantive. I'm beginning to think of Vantive much like people thought of borrowing money during the Depression; no matter how low interest rates got (less than 1%) nobody was interested. With only about $20 million in quarterly licensing revenue, Vantive becomes a second-tier player until the new CEO can prove that the turn-around will work. If you were the CEO of a company on the prowl for a front office company, would you rather buy a company with $20 million in quarterly licensing revenue that has awful morale due to recent problems, or would you rather buy a company with the same numbers that is up and coming, full of vim and vigor? (Rhetorical question.) Geof Moore thought the company would be bought out when the market value was three to four times what it is today. A buy-out seems inevitable. Yet the longer the inevitable never happens, the more I wonder about how inevitable it really is. --Mike Buckley