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Technology Stocks : Apple Inc.
AAPL 269.84-0.7%12:49 PM EST

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To: HerbVic who wrote (24292)4/22/1999 4:41:00 PM
From: J R KARY  Read Replies (1) of 213177
 
>> I can't wait to read Eric's analysis. I'm sure it will be most enlightening. <<

I agree .

>> Why would a bond holder want to short? Especially since the conversion price of $29.205 per share has already been set. <<

You know there are many strategies that have been played and could yet be played with the stock before the early call on 6/1/99 .

These bondholders invested millions in a shakey company for 6 % and some recovery promises due by June 2001 .

I assume they were/are knowledgeable friends of AAPL and also saw a recovering stock as a further profit tool .

Eric's write-up may have some interesting scenarios on the possibilities .

Jim K.
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