Octel Communications OCTL Message Board

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Technology Stocks : Octel Communications OCTL

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To: Jim Suit who wrote (715)	8/11/1997 9:21:00 PM
From: MJ	of 733

Jim: The pros and cons are really based on the mathematics of selling or tendering. E.G. If you tender, you get $31.00 cash without paying commissions----or 31,000.00 If you sell at the current price of 30.25---you get 30,250.00 less the commision paid to sell---proceeds are then a little less than $30,000.00. The tender date is August 29th---two weeks away. I do not know how soon the tender amount becomes payable---if immediately then the 31 k looks okay. If funds received later, then you may want to sell and put the $ in something now to establish a new position and perhaps a more lucrative one. MJ As for me I am tendering as I am not in a hurry to establish a position in another stock.

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