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Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Mills who wrote (8736)2/12/1998 7:30:00 PM
From: Frodo Baxter  Read Replies (3) | Respond to of 11057
 
Shoot, if I could buy a call option on WDC for a 25% up move IN THE NEXT 20 YEARS, with a guarantee of principal, and that pays me interest, I'd jump all over it. Wouldn't you?

Kinda kills the atmosphere for current shareholders and potential acquirers, though, eh?



To: Jeff Mills who wrote (8736)2/13/1998 3:26:00 AM
From: Thomas Haegin  Read Replies (1) | Respond to of 11057
 
Jeff, money managers see that WDC is a good co. hit hard by troubles in the industry as a whole, with its stock beaten down severely. A 25% conversion premium is very little, and you get a decent y-t-m, too. These convertibles are a pretty save bet IMO. OK, we get diluted, but WDC is clever to do such a deal now when interest rates are low and they can raise more than they may actually need.

Thomas


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