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To: Frodo Baxter who wrote (11925)	5/14/1998 9:16:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 12298

Do the convertibles trade on an exchange? If so, what symbol?

To: Frodo Baxter who wrote (11925)	5/14/1998 11:19:00 PM
From: Stitch	Respond to of 12298

Ahh Lawrence, Never mind. Zero is still zero. :) Actually, I still have reservations about it getting that bad. I keep eyeing the plants in Malaysia and Korea. If it wewren't for the nosedive in liquidity in Korea I would say there could be an odds on chance. By the way, Hyundai (Maxtor) has slowed down its media factory (Maxmedia) build in Malaysia to a snail's pace. Money is very very tight. However the DD plant in Dalien China continues on schedule. Best, Stitch

To: Frodo Baxter who wrote (11925)	5/15/1998 2:28:00 AM
From: Tom Simpson	Read Replies (1) \| Respond to of 12298

Lawrence, Speaking of these converts.....they do seem to be multiplying. WDC and HTCH recently. Take HTCH at 6% with a conversion price of 28.75 (I think thats the number). As you have pointed out, it is painless for convert holders to short the stock once above the conversion price, and just go on collecting the 6%. Since the stock has already floated up to the low low 30's, should we now see a short position building in HTCH? As a practical matter, how would a bond holder decide what particular price is the most advantageous level for him to short? Best Regards.....Tom