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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Volsi Mimir who wrote (12010)	12/27/1997 7:09:00 PM
From: ben luong	Respond to of 25960

Cymer's float and outstanding shares and subordinated notes: As of 11/13/97 Outstanding shares: 28,573,000 (1) IPO 9/18/96: proceed raised: 29.7 millions shares offered: 3,509,000 offering price: approx. $8.5 price closed that day: $13.625 (2) Secondary stock offerings 12/12/96: proceed raised: 50 millions shares offered: 1,270,000 offering price: approx. $39.5 price closed that day: $43.125 (3) Subordinated convertible notes offering 8/6/97: proceed raised : $172,500,000 conversion price: $47 per share additional common stock shares if converted: 3,670,212 due date: 8/6/2004 can convert to common share after: 11/5/97 note callable after: 8/9/2000 (4) Stock split: 2-1 on 8/7/97 If you added the total shares offered to public (1) + (2) + (3) adjusted for 2-1 split: Total floats should be: 16,898,424 But no one will convert unless stock price > $47 so without insider sale, the float should be: 9,558,000 www.marketguide.com has a float of 24.90 millions I don't know where the extra 14 millions come from??? Any comment as to how float is computed for Cymer?