Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Temp. Home of Cooperative Group-Trading -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (307)	6/21/1999 2:00:00 PM
From: Rajiv	Read Replies (2) \| Respond to of 790

<MCOM> Vulcan ventures and MCI Worldcom are getting 87% for 600 million. The press release mentions that they are buying preferred stock at $10/share. The exact conversion ratio of preferred stock to common stock has not been given. MCOM has 19 million shares outstanding An approximate estimate for the # of common shares which they can convert to = (19/13)*87 = 127 MM shares which amounts to around $4.75/share. This is at a major discount to the stock price.. I think the Paul Allen and WCOM names are good enough for a major pop. Not short yet. Might play it at the open tomorrow for a point or two. I got some BRKT at an average of 17/share Regards. Rajiv