Sigma Designs- Up 50% per Month- Why? Message Board

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Technology Stocks : Sigma Designs- Up 50% per Month- Why?

SIGM 0.280

-0.2%

Aug 17 5:00 PM EST

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To: kaja who wrote (296)	2/28/1998 8:30:00 PM
From: Grantcw	Read Replies (1) of 849

Kaia, Also, I believe the company did a private placement last year...a convertible (convertible at a discount to market) which is in all likelihood placing pressure on the stock as the private placement investors are converting/selling. I looked at the most recent 10-k and I found this private placement. You are correct about it being at a discount to market. I have a feeling that the worst might be over however. There are only a 2000 some odd preferred shares left from what I could tell from the earnings report. The weighted average shares this quarter was up a little but not too substantially. Hopefully, the converting and selling is over and the company can get down to some real growth. Grant

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