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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?


To: PLeaps who wrote (2128)7/10/2000 10:04:46 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 3951
 
JDSU going down cuz of dilution and takeover premium they are paying for SDLI. To figure out the corresponding SDLI price, multiply JDSU's price by 3.8. Big spread still. JDSU @ 97.5 = SDLI @ 370.5, in contrast to 318.5 actual. Meaning spread for SDLI is currently 52 points, or 16.3%. Arb spread due to regulatory uncertainty, etc. Notice that SDLI seemed to bounce at previous intraday high area of 311-315 (I thought it bounced at 315...maybe the 311 is a bad print). I picked up some more at 318 in anticipation of the spread closing a bit.