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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: akmike who wrote (1309)	11/9/1999 1:57:00 PM
From: JBruin	Read Replies (1) \| Respond to of 2702

akmike, good post. With the Q4 almost half over do you think that the "exciting" contract mentioned during the CC was the 1.1 mil. Adaptive deal? If so that might explain the relatively poor performance of VARL. Perhaps some investors got their hopes up (the run to 12.75) & after no follow-through decided to move on to any other telecom stock that moves with the market.

To: akmike who wrote (1309)	11/9/1999 2:54:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 2702

Convertible financing seems to be a killing way to raise money for these small companies. At first it looks great, but then when bond holders have the right to convert at 84% of the 10-day average closing bid price prior to conversion, the share price is crushed to get the best return. So, would you say this story is behind VARL now, or has it still got lingering effects? There must have been a big short interest for bond holders to have beaten down the stock price. They would then have covered their shorts with converted shares and perhaps have moved on to destruct a new company. I suppose it takes a while for shareholders to return, but it would seem that a company could rise from the ashes assuming they did have a plan and the money was put to good use. Then it would just be a question of getting investors to trust them again. So, if the whole story is concluded, this could in fact be very positive. Regards, Mark