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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Roadkill who wrote (23511)	11/3/1999 7:49:00 PM
From: orkrious	Read Replies (1) \| Respond to of 25960

regarding the possible dilution, Roadkill, I know that I have been including the effect of converting the bonds in my EPS projections. Any decent analyst would have been doing the same. That's not to say that there are decent analysts out there. <G> Jay

To: Roadkill who wrote (23511)	11/3/1999 8:17:00 PM
From: Curlton Latts	Read Replies (1) \| Respond to of 25960

>>>, even though to do at less than $47 would not be a wise move financially<<< To do so at any price would not be a wise move financially. The holders will not convert at any price. There is absolutely no reason to give up a perfectly good coupon yield. As long as they hold the convertible they participate fully in all common stock appreciation. The fully diluted EPS accounting for these shares has always assumed they were converted and thus there is no dilution impact from conversion in any case. This is a long dead non-issue. Good Luck To Each And All Curly ~~~~~~~~^^ [6.6] .....> [_]

To: Roadkill who wrote (23511)	11/3/1999 8:20:00 PM
From: ScotMcI	Read Replies (1) \| Respond to of 25960

If Cymer goes above $47, my hope would be that most of the note holders would sit tight, collect the interest, and treat their conversion option as an in-the-money call option. One thing I wonder about: the notes are redeemable by the company in August 2000, with 30 days notice. If given notice, would a note holder then still be able to convert, or would the notice lock out that option? If the latter, if the stock price is above $47, anyone holding a note @August 2000 will be converting it to avoid the possibility of losing their profits.