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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (49094)	3/1/1998 3:48:00 PM
From: Dakota Sullivan	Read Replies (2) \| Respond to of 186894

Sonny, the issue of conversion costs is not what I'm getting at. Presently, there are, say, X shares of INTC outstanding and Y shares of INTCW. Gives us a total universe of X+Y total outstanding shares of some form of Intel. By the end of next week, there will only be X shares of Intel. No new shares are being created by the conversion. This shrinking universe should have the same effect as a buyback of Y shares unless I am missing something.