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Non-Tech : Convertible Bonds -- Ignore unavailable to you. Want to Upgrade?

To: Rocky9 who wrote (48)	12/20/2002 2:58:28 PM
From: Rocky9	Read Replies (1) \| Respond to of 83

VTSS' 10-k disclosed $68.6M of bonds repurchased in Oct. for $51.1M (which would be a price of 74.8). Since the price is a lot higher now, there might not have been any more purchases this quarter. The purchases would have produced $17.5M of gain. Assuming no other big capital expenditures or receipts (or significant operating loss), VTSS would have $263M of cash and $195M of debt.

To: Rocky9 who wrote (48)	1/11/2003 12:26:55 PM
From: Rocky9	Read Replies (2) \| Respond to of 83

I have taken some of the historical values out of the table below. Now the 3 sets of numbers represent the first price and YTM, the last price and YTM, and the current price and YTM. ANAD - 52.125 24.14% (56.25 22.36%) <55.125 23.35%> CPN - 36.375 60.17% (48.375 45.79%) <60.25 33.35%> ICGE - 35.0 65.94% (40.00 61.43%) <41.00 61.84%> PMCS - 64.25 16.83% (75.0 12.46%) <80.75 10.31%> RFMD - 78.0 13.52% (86.75 9.59%) <89.125 8.60%> SFE - 57.75 22.6% (63.25 20.16%) <63.125 20.54%> SEPR '07 - 49 24.97% (60.25 19.34%) <69.875 15.16%> SEPR '06 - 54.375 23.93% (63.375 19.59%) <75.25 14.35%> SEPR '05 - 76.125 17.13% (81.25 15.01%) <87.25 12.33%> TERN - 60.0 17.77% (60.125 18.14%) <61.625 17.62%> TQNT - 77.125 10.70% (77.625 10.75%) <80.00 10.03%> VTSS - 72.0 19.20% (83.00 12.97%) <84.00 12.67%> Others: AFFX - 82.625 9.86% (83.50 9.66%) <86.125 8.87%> MLNM - 78.125 12.39% (82.875 10.80%) <85.00 10.15%> JNPR - 74.25 12.67% (78.25 11.35%) <81.75 10.24%> VPHN - 38.125 34.81% (41.125 32.67%) <45.125 30.05%> VRTX - 74.00 12.29% (75.375 11.93%) <75.375 12.03%> Again, almost all of the bonds are up. A couple of the riskiest are up the most - the CPN is up huge. SEPR's three bonds are all up 10%+, with the longest up the most. The SFE and ANAD bonds look the best, but I will wait to see how much cash ANAD is using each quarter before buying (I think that sale or bankruptcy is very possible for ANAD).