Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

Nov 28 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn D. Rudolph who wrote (36750)	2/27/1998 10:46:00 PM
From: The Phoenix	Read Replies (2) of 61433

I also would like to have a clearer understanding of those CSCO "YEELDS". I'm going to forward that announcement to the CSCO thread and see if they can shed any light on it. Sounds almost too good to be true, so I must have a misunderstanding of what its all about. I only read it three times and was trying to determine if the brokerage house was making a loan??? Totally lost<G> Gents, It's not too good to be true - I think. Style I responded to you on the Cisco thread. Bottom line, it's a loan YOU would be making to the underwriter of the YEELD. They pay you a 5% interest rate for three years. At maturity you get 100.75/share so long as Cisco is trading at 100.75 or higher. If Cisco is trading lower you get that lower share price. If Cisco is trading higher....well tough luck. The question I posed on that thread is if Cisco looks like it's going to tank, can you get out of the YEELD?...that is, is it transferable? If not, I'm not so sure it's a good deal. Gary (not Korn)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next