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Technology Stocks : General Magic
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To: Alf who wrote (2437)6/25/1998 9:54:00 AM
From: dwight martin  Read Replies (1) of 10081
 
We have a market cap of about $400MM. We now have added convertible preferreds to the tune of 30-odd million. Is everyone confident that these convertible holders will not exert downward pressure on the stock price to endure that they get as many shares as they can at conversion time?

This deal sounds a major caution to me.
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