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Technology Stocks : UTR -- time for Unitrode to rise
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To: shane forbes who wrote (98)5/18/1998 12:14:00 AM
From: Shane M  Read Replies (1) of 119
 
Shane,

yes, the conversion is dependent on an "average" trading price for UTR. I do not, however, know the time period over which the average price will be calculated. I wouldn't mind UTR hanging low here for at least another month. I just might be able to get better than the 1:1 conversion. But then again if Unitrode goes too low, however, the deal might not be approved.

Now that you posted the information concerning WDC I remember reading the statement, but I was expecting the standard excuses concerning weak disk drives, inventory adjustments, etc. I guess I was reading what I was expecting to read, not what was actually stated. Thanks for bringing that up.

Shane
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