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Technology Stocks : Cymer (CYMI)
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To: Roadkill who wrote (23511)11/3/1999 8:17:00 PM
From: Curlton Latts  Read Replies (1) of 25960
 
>>>, even though to do at less than $47 would not be a wise move financially<<<

To do so at any price would not be a wise move financially. The holders will not convert at any price. There is absolutely no reason to give up a perfectly good coupon yield. As long as they hold the convertible they participate fully in all common stock appreciation. The fully diluted EPS accounting for these shares has always assumed they were converted and thus there is no dilution impact from conversion in any case. This is a long dead non-issue.

Good Luck To Each And All

Curly

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