We estimate BVSN trades at 11x 1998 sales. A lot of competition coming, though, as every startup also sees guts and glory in the same story. If Marc's on the job we think it'll come out fine. Under the terms of the agreement, stockholders of FTP will receive approximately .73 shares of NetManage for each FTP share. Even Netscape, which effectively smashed NETM and FTPS in some ways, saw its software devalued over the period 1995-1998.
Software is a tough game and tougher investment as the sands shift and beaches form elsewhere.
Evaluate Internet stocks beyond the hype Steve Harmon was named one of the 'Best of Wall Street' by CBS Marketwatch. July 15 Chicago.