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To: long-gone who wrote (36903)	7/9/1999 4:33:00 PM
From: John Mansfield	Respond to of 116927

'Many Internet Convertibles Under Water by Matt Stichnoth Editor, Wall Street Companion Special to CNBC.com Don't look now, but a new risk has crept into Internet investing that many Web-crazy stock buyers haven't even thought to worry about yet: rising financial leverage. That's right, debt. Hmmm, the Internet business is looking more like steelmaking every day. When the Net stocks were hitting all-time highs this past spring, several big issuers did what companies love to do whenever their stocks fly to the moon: They raised bucketloads of money in the capital markets - in this case by selling billions of dollars in convertible debt to the public. .... ' jetson.cnbc.com