Yes, you are correct, the main reason the spread is narrowing seems to be that the difference between MCDTA and MCDT is becoming more widely known. For example, the Standard and Poor's monthly Stock Guide, used regularly by Peter Lynch before, during and after the time he ran Fidelity Magellan, for the first time (July 2001 issue, received about a week ago) showed "1/10 vtg" next to MCDT. (The spread seems to have shrunk markedly as a result of this S&P clarification of MCDT's inferior voting rights status.) A few months previous to this, but after the issue date of MCDTA of Feb. 7, 2001, only MCDT was listed, with nothing about voting rights. A reader then could have concluded McDATA only had MCDT. As soon as you see a brokerage report showing MCDT as "the" symbol for McDATA, please post the link on this board. Several financial writers have changed their future reports about McDATA to list MCDTA rather than just MCDT after being contacted and shown via the link below, the superiority of MCDTA over MCDT. Feel free to reference (cut/paste) the link below to McDATA's website, explaining the difference between MCDTA and MCDT, especially if you choose to email any financial writer referring to MCDT (not MCDTA) as "the" McDATA stock:
see bottom of page 8 and top of page 9:
mcdata.com |
