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Technology Stocks : Compaq
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To: Night Writer who wrote (40804)12/22/1998 4:49:00 PM
From: Bruno Cipolla  Read Replies (3) of 97611
 
my DEC jan 99 40 calls were converted 1 for 1 into CPQ (DEYXX)
calls
their value is calculated as: 1 dec share= 30$ + 0.945 (or similar)
CPQ shares.
so when dec stock was 60$, dec jan 99 40s (DECAH) were 20$ in the money
DECAHs got converted into DEYAHs one for one.
now each DEYAH is worth 30$ cash and 0.945 CPQ shares
so, if cpq is 43$ it is like if DEC shares would be worth each 30$+0.945*43$ = 70.635$ plus some time value, that is each DEYAH should be 70.635$ - 43$ = 27.635$ in the money.

I think that if/when i'll exercise the options i will get 30$ cash and 0.945 whatever CPQ.

now, what should i do with my contracts?
i think it would be good to exercise the DEYAH (99/40) and get CPQ stock for about 10$... and sell the DEYAL (99/50) and DEYAJ (99/60)

b.

and sell the DEY
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