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To: Phillip C. Lee who wrote (8161)	2/3/1998 10:19:00 AM
From: J R KARY	Read Replies (2) \| Respond to of 213173

Hi Phil the Power sale has been looming since mid-December and warned of here many times since Powers' 1/26/98 meeting But : " I wouldn't be convinced by "bonds converted to stocks" speculation. I don't mean to speculate , but why would the bondholders convert to stock at a low price (was to convert at $28/shr) and give up a sure 6% interest return with a significant loss of capital ? Please read the applicable EDGARS (8/97 , 12/97 etc.) and let me know your feelings as their converted share volume is significant . Is it not reasonable to assume their converted shares , now in trust of brokers , would be traded professionally in an attempt to recover capital ? Thanks, Jim K.