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Technology Stocks : QUANTUM
QNTM 10.09+1.5%3:59 PM EST
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To: Jeff Egg who wrote (6685)12/13/1997 3:05:00 PM
From: Rational  Read Replies (1) of 9124
 
As of Sept 30, they had $528 mil convertible bonds (the market value could be $400 mil). QNTM also had $1.3 bil net current assets, which is cash and equivalents.

If the C. bonds are bought at a heavy discount, the company can easily save .07*528 = $37 mil per year. The earnings will then go up by $37 mil per year and the fully diluted EPS will receive a boost due to this increase as well as due to a reduction of about 12 mil (conversion) shares. This is a smart move for QNTM and the rumor may be true. This is very bullish for the stock, IMHO.

Sankar
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