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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Stress who wrote (89844)	3/23/2000 9:44:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 120523

CLRS/WB WB today announced an investment in CLRS: a $5 million convertible note. What WB's PR doesn't say is that the interest rate for the loan is 4.5 percent, and the strike price for the convertible is $147.20. This is financing completed on very favorable terms to CLRS. The reason for the financing, which seems odd for CLRS on the heels of its $200+ million secondary, is that it helped cement the deal between CLRS and WB for the development of an e-marketplace for WB's customer base. WB PR on CLRS Investment: newsalert.com CLRS 8-K with Terms of Convertible Note: freeedgar.com CLRS/WB PR Announcing E-Marketplace Initiative newsalert.com