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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (5470)1/17/2001 9:32:09 PM
From: Madharry  Read Replies (1) | Respond to of 5650
 
The bonus susan is that there is a little pool set aside to pay the preferred holders their dividend for the next 5-6 quarters. The company has the choice of grabbing the cash and paying out shares at a 5% discount to the prevailing average share price if they choose. If there is a buyout my recollection was the shares get purchased at $38 and change- woo -woo!