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Technology Stocks : LCI, Is it worth lettig it ride?
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To: James Petersen who wrote (402)6/4/1998 11:46:00 PM
From: David Lawrence  Read Replies (1) of 411
 
>>Since the conversion ratio A/O tonight is 1.1661 it appears that based on today's numbers each LCI share will result in a value of $36.46.

1.15168516218195 (42/36.4683) [$36.4683 figure is compliments of a now-fellow shareholder on the QWST thread who inquired from IR]. Interestingly enough, Qwest traded $36.50 prior to the announcement.

That nets us $36.35 of short-term depressed QWST stock, which was almost surely caused by arbitrage activity. I expect it to immediately rebound.
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