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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: Marshall who wrote (27758)2/7/1998 1:39:00 AM
From: drakes353  Read Replies (1) | Respond to of 33268
 
Marshall:

I wonder if they pre-hedged any of the deal?

See my comment in the Clubhouse. No way to hedge until you know the convert price.

As far as the charge thing goes one would have expected RACE to disclose the amount when they announced the layoffs. But then again this is RACE and they rarely do what anyone expects them to do.

Say the were paying them $30k a year and gave them an average of six months pay. That would be something like $450,000 (I think it was 30 employees, not 25.) If it's an average of three months pay then we're talkin' about $225,000. Toss in some other stuff for bennies and such and the numbers go up a bit. Whatever the number is RACE should disclose it to you folks ASAP.

Good luck,

drakes353