Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: chaz who wrote (24230)	5/5/2000 11:29:00 AM
From: Mike Buckley	Respond to of 54805

Chaz and Sunny, CTXS bought a zero coupon convertible bond at 5.25% as a hedge against higher interest rates..."a cheap source of money...in case we ever need it" according to Laurie Becker, CTXS IR. That makes sense and explains the reasons a lot of companies were doing the same at the time, but that is NOT the reason explained in the company's press release about it. I'm not going to bother looking it up, but if I remember correctly the press release referred to the typical range of reasons a company might want a hunk of change lying around the place. --Mike Buckley