Sigma Designs- Up 50% per Month- Why? Message Board

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Technology Stocks : Sigma Designs- Up 50% per Month- Why?

SIGM 0.280

-0.2%

Aug 17 5:00 PM EST

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To: Grantcw who wrote (333)	3/16/1998 2:59:00 PM
From: Alex Dubrovsky	Read Replies (2) of 849

That floorless convertible is not exercisable until 181 days after the issuance (it says so in S-3), ( and the official date of issuance was Feb. 10 1998, if I am not mistaken) so I am assuming that they are going to use part of that $5,000,000 to pay off the remaining $2,000,000 on their last convertibles and the rest will be used for their own needs. As it was mentioned before from the conference call, the company was looking to buy the remaining convertibles out, by issuing convertibles which have exercise date further away. Class action claims are nothing new, that same press release has been restated over and over. Class action suits don't mean that much anyway. The Phillips lawsuit was filed March 6, 1997 more than a year ago and the OEM deal was signed in the end of 1997 so I am assuming everything is fine as far as that is concerned.

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