Summa Four, Inc. (NASDAQ:SUMA) Message Board

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Technology Stocks : Summa Four, Inc. (NASDAQ:SUMA)

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To: RAMU who wrote (47)	8/25/1998 2:42:00 PM
From: Potato Farmer	Read Replies (1) of 49

The exchange ratio is listed as .161 to .197 Cisco shares per Summa share. With Cisco at $104 today the midrange of the ratio (~.18) gives a value of $18.72. I do not know the exact circumstances that cause the exchange ratio to vary; for whatever reason they have not been published as they ought to have been. Is it that the ratio will be kept at the mid-range unless Cisco breaks out of a particular price range, which again I think is about +/- 20% from $97? Or, perhaps it is set it up to maintain the $116 million total figure, with the number of shares sliding with the price and stops at .161 and .197? If anyone has an accurate description of the exact terms, please post them. Pete F.

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