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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (83745)	6/23/2002 10:21:44 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Thanks, XCR, I hope the right person reads your post and this response. Thus, if I understood correctly, by August 2003 the holder of the sparks will have collected $5.25 (or $.8125 quarterly) plus a share of Siebel, whatever the price is. If the price of SEBL blows well beyond $35, MSDW cab chose instead to deliver $35 plus about $20 (thus MSDW will chose that avenue only if SEBL is above about $55. On the other hand, if SEBL loses in the next year (next August) more than about $3.5 from here, it is a "bad deal". Correct? Zeev