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Technology Stocks : Xilinx (XLNX)

XLNX 194.92

0.0%

Feb 14 4:00 PM EST

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To: Dan Spillane who wrote (1261)	6/11/1997 8:00:00 PM
From: Dan Spillane	of 3291

More on the new LEAPS announcement... It seems to fully explain the recent behavior of XLNX stock price...even the pattern against ALTR. In particular, when a set of LEAPs is struck, it is important that striking prices be well-placed against average stock performance (due to the very long-term nature of LEAPS). So, seeing as to how the recent range is approximately 35-55, it made sense for a set of 35, 45, and 55 LEAPs...exactly what we got. Notice we closed EXACTLY on the center LEAP on the day the LEAPS were later announced...smack in the middle of that 35-55 range! Some party or parties apparently have financial interest in the placement of these new LEAPS. I don't think the striking of LEAPS would have worked out as well for certain important parties if struck when the XLNX price was 55. It's possible there is some stock inventory now supporting these LEAPS. There's too much about the new LEAPS and stock movement to be coincidental here. Comments? Dan

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