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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: TI2, TechInvestorToo who wrote (17995)	6/8/1998 12:05:00 AM
From: William Peavey	Read Replies (3) \| Respond to of 25960

To All, I took the lead from the Barron's article discovered by my Raymond James broker and bought 25 of the Cymer 3 1/2% convertible notes due in 2004 at $792.50 per unit. At 21.2766 shares per unit, if we have the math right, at our cost this should convert at $37.25 with fees included. At par of $1000 per unit they were scheduled to convert at $47 per share. The yield to maturity is over 10%, and in the article Anand Iyer of Morgan Stanley indicated that Cymer's earnings could cover its interest expense seven times. Pardon me if this material has already been covered. I had fallen way behind on keeping up with the thread. Bill Peavey