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Technology Stocks : Maxtor (MXTR) -- Ignore unavailable to you. Want to Upgrade?

To: parki who wrote (325)	7/6/1999 1:45:00 PM
From: BMcV	Respond to of 467

If you go back a month on this thread you can find some info on HYTDL. My understanding is that Hyundai (which owns a majority of MXTR) needed cash, but did not want to -- or couldn't -- sell MXTR shares. So with Soloman Smith Barney, they came up with this hybrid security. You have the right to get MXTR shares in about 2 1/2 years, to get a dividend from US Treasuries the trust owns, while Hyundai keeps the voting rights to the underlying shares. Maybe someone can correct any inaccuracies. I bought some, without really knowing what the details are, because I noticed it tracks the common with less downside, and pays a dividend. If the price is capped at $13, the common will probably have a much better return. techstocks.com