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Technology Stocks : Verio (VRIO)
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To: Pruguy who wrote (560)7/15/1999 11:45:00 PM
From: manny t   of 676
 
My post to the Market Gems thread:

To: Jenna (50763 )
From: manny t Thursday, Jul 15 1999 11:39PM ET
Reply # of 50765

VRIO,
The 300 Million Convertible Preferred 6 3/4 % Stock which is being
sold to Institutions,is convertible at 96.5625 shares of VRIO.
So someone has some real confidence that they will make out like
bandits on these Convertibles if VRIO goes up substantially higher than 96.5625.
Or that someone can conveniently bid up VRIO to a price substantially higher than 96.5625.
It is a good thing that VRIO is the world's largest Business Web Host.
This makes it more compelling for VRIO's price to continue it's upward
climb.
In any case,it looks like we Shareholders can't lose.
IMHO,
Manny T.

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