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

To: jbn3 who wrote (23841)	12/23/1999 5:39:00 AM
From: Curlton Latts	Respond to of 25960

Re converting: 1st-Angus would do hand stands down Main Street; 2nd-your broker would be subject to license review by the SEC for not preventing you from doing it; 3rd-this misdirected suggestion has been misused by short posters to spew uncertainty here many times and invariably the stock has kited upward each time; 4th-it is entirely implausible to read a request for help in understanding the demerits of this action on this thread; and finally, just ask your broker and report back to the thread on his response and (if in the highly unlikely case he recommends you do this, his name, as he will be subject to receive a dunce cap). Translation: This won't happen, but, reading it here again is a good omen. Good Luck To Each And All Curly ~~~~~~^^ [6.6] .....> [_]

To: jbn3 who wrote (23841)	12/23/1999 10:22:00 AM
From: Tenebrous	Read Replies (2) \| Respond to of 25960

You'd be better off just holding them until nearer the expiration date, unless you want to acquire the stock and then immediately sell it to take your profits for some reason. As it is, you can continue to collect the interest on the bonds while the stock appreciates and your conversion rights become more valuable. Unless you think that Cymer is going to fall from here, I see no good reason to convert at this time.

To: jbn3 who wrote (23841)	12/29/1999 2:59:00 AM
From: Chuzzlewit	Respond to of 25960

Bachman, I don't know the specifics of the CYMI bonds, so my comments are of a general nature. There is no advantage to converting, because as the stock trades over the conversion price the bond appreciates like the stock, but if the stock moves down the bond dividend cushions downward movement. Plus, there is the added advantage of receiving a dividend. The only reason for conversion would be if there is a call provision in the bond covenants, or the conversion ratio changes with time. The disadvantage of holding convertible bonds is that if the stock is trading at less than the conversion price the bond does not appreciate as quickly as the stock with upward stock price movement. In other words, it behaves like an out of the money call. If you want to convert contact your broker. I believe (although I am not certain) that conversion is a non-taxable event and that your holding period is calculated from the time you bought the bonds. You should check these points with your accountant to be certain. TTFN, CTC