The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: WhoLovesYa who wrote (20371)	1/27/1999 11:35:00 AM
From: Nine_USA	Read Replies (2) of 29386

Greg, Several people have referred to a small amount of convertible PFD remaining unconverted. Can you see a plausable rationale for this? If the price to convert at is to rise over time due to the recent ANCR price strength, wouldn't the PFD holders need ANCR to go up 2 points for each 1 point increase in the conversion price just to break even, since they had a guaranteed 100% return recently if they DID convert?

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