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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: mister topes who wrote (9117)	6/2/1999 9:31:00 AM
From: Lars	Respond to of 42834

Don, >>> Is there any truth to the rumor that Reuters is reporting that a three-way merger is being discussed involving Microsoft, Justabid.com and bobbrinker.com? >>> Justabid.com has no comment at this time; although, I will try to answer your questions. Ha! >>> According to the rumor on Fleet Street in London, Microsoft will issue ten shares of common stock for each Justabid.com share, and ten shares for each bobbrinker.com share to form the new behemoth. >>> We, I mean Justabid.com..., have no comment at this time...other than we think this offer is slightly below our expectation of twenty-five shares. Justa refuses to comment at this time. I think it is fair to say he feels insulted by the offer. >>> According to the news service rumor, the new firm will be renamed Microsoft-Justabob.com and the new shares will trade on the Big Board under the symbol MJ. According to the reports, Justabid.com and bobbrinker.com shareholders will divide about $120 billion in the deal. >>> We have no comment at this time.....other than Justa says the deal will NOT be done unless the new symbol is: PAR. >>> One fly in the ointment is a report that Justabid.com CEO Justawerkinstiff wants additional shares in order to pay for a non compete agreement. >>> We have no comment....other than to say we expect these shares would be in excess of the 25. >>> Bill Gates says the deal is off if he has to continue to compete with Justabid.com & bobbrinker.com. Any news on this one? >>> Yes, money talks. Justa will only do this deal if he thinks it is fair. He doesn't want his creative abilities limited. Justa doesn't care if he rules the world. It is more important that his creative talents not be limited in any way.

To: mister topes who wrote (9117)	6/2/1999 11:25:00 AM
From: Justa Werkenstiff	Respond to of 42834

Don: I have looked into purchasing bobbrinker.com but that company has instituted an novel poison pill defense which will defeat our efforts. The Bobrinker.com poison pill comes in the form of real earnings. Our accountants, Wee, Cheatum & Howe, discovered this fact while doing due diligence. And no matter how hard Mr. Brinker tried to hide this fact, the numbers don't lie. We were shocked at this discovery and had to call off the deal. There was just no synergy between our money losing venture and a company that is posting real numbers. In the pooling of interest form of accounting, bobbrinker.com's earnings would have surpassed our losses and put us in the positive zone, a place we do not wan to be at any price. (Excuse me a second -- my split beeper just went off -- must be theglobe.com again). And no matter how hard Lars and I tried to waste our IPO money on cheap entertainment and cosmetics, bobbrinker.com still will stick us with earnings on a pro forma basis. Yeah, right. If we post earnings, some silly analyst might try to stick us with a multiple and the whole game is over. (Excuse me a second -- my splat beeper went off -- must be AMZN breaking down through $100). Thank goodness for MSFT. You are correct. I did want shares for a non-compete agreement but given how my splat beeper is going off every other minute (justabid.com has lost 60% of it value since last Wednesday), I will take anything I can get at this point, especially since Gates has more interest in bobbrinker.com. For some silly reason, Gates likes to see some real earnings. This guy better wake up or he will never be successful.