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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (5138)4/13/1998 10:07:00 PM
From: Edward Murphy  Read Replies (2) of 12468
 
Steven,

The holders of the convertible debt are actually getting about 30% a year right now. The debt is accruing at 14% but with the conversion premium it doubles. My take is today's close was sufficient to break the string of consecutive trading days and if that is a reason the stock is down, then that pressure should ease. When we tried to come back this afternoon after the news release somebody was really trying to keep it below 40.5 - they succeeded.

Ed
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