QUANTUM Message Board - Msg: 10493913

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Technology Stocks : QUANTUM

QNTM 11.12

-11.3%

Oct 31 9:30 AM EDT

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To: Sam who wrote (9050)	7/13/1999 7:17:00 PM
From: Sam	Read Replies (1) of 9124

For those who want some income while waiting: Quantum convert rises By ConvertBond.com, CBS MarketWatch Last Update: 6:50 PM ET Jul 13, 1999 NEW YORK (CBS.MW) -- The convertible bond of Quantum Corp. rose substantially on Monday. Quantum's (QNTM: news, msgs) 7.00 percent convert maturing in 2004 closed at the 95 to 95 1/2 level. That's up from its 86 to 87 from mid-April. The Quantum convert offers a 7.3 percent current yield -- which gives investors a yield advantage of over 720 basis points over the company's common stock and an 8.1 percent yield-to-maturity. The issue is registered, which means it can be purchased by non-institutional investors and is rated "B+" by Standard & Poor's and "B2" by Moody's Investors Service. The Quantum convert has a 79 percent conversion premium and its call protection expires in August 1999 when the convert is provisionally callable until August 2001 if the quantum common stock trades 125 percent above the conversion price of $46.325 for 20 out of 30 trading days.

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