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Technology Stocks : MCDT -- Ignore unavailable to you. Want to Upgrade?

To: Topannuity who wrote (19)	4/24/2001 6:20:05 PM
From: rich987	Read Replies (3) \| Respond to of 145

that is a very tough question since current positions would appear to defy logic........at the end of this game, over one year and then they can combine offerings as i understand it, i would think you would get exactly that what you have in terms of worth but in the name of the surviving stock.....i would think the company would use the "market value" set by shareholders and free trade to determine what the amount is that one gets.......i guess the market does not value these additional voting rights to much since the stock is trading for less......i am no expert, obviously, and this is only my opinion.....i hope i am wrong since i hold mcdta.......good luck rich

To: Topannuity who wrote (19)	4/28/2001 1:24:18 PM
From: kirkpul	Read Replies (1) \| Respond to of 145

MCDT longs: now is the time to switch your MCTD for MCDTA. A price bounce short squeeze in MCDT is impossible now (see below) and the spread is over 5 points. So sell MCDT while buying the more valuable (but cheaper) MCDTA and profit by the difference. Don't wait too long or the opportunity will be reduced or lost. MCDT and MCDTA are to be combined around Nov. 1, 2002. Topannuity, you asked about whether you should short MCDT while buying MCDTA. Lots of arbs are trying to do that, but can't get the MCDT shares to short. As soon as any MCDT short covers or is squeezed out, there is an eager new MCDT/A arb to reshort the MCDT. That is why there will be no price bounce short squeeze effect from the large MCDT short position as long as the spread continues to be large enough to attract arbs. That is why MCDT holders should sell their MCDT and buy MCDTA. And that is why new McDATA investors should buy MCDTA rather than MCDT as long as the superior voting rights MCDTA sells at a lower price than the inferior MCDT.