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Technology Stocks : Comverse Technology -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (489)	6/25/1998 11:28:00 AM
From: Eve Edelson	Respond to of 1331

The conversion price ($64.50) is 28% higher than where the shares are trading now. The float would increase by 8% - if and when the conversions were exercised, assuming they were exercised all at once. It doesn't seem so bad to me. I just wonder what CMVT wants to buy now, hmmm... But the market disagrees with me. I am not happy that the stock gapped down at the open.

To: Beltropolis Boy who wrote (489)	6/25/1998 2:14:00 PM
From: Mark Ambrose	Read Replies (2) \| Respond to of 1331

Chris, Thanks for posting that news about the private placement. To put it in perspective, look back at my posting #92 and the discussion that followed. Here's the link: (When you get to #92, the link to the original press release on Yahoo is no longer valid.) Message 320711 On Oct. 2, 1996, Comverse announced a similar private placement for $100 million at 5.75 per cent. That one didn't hurt the company (in the long run), and this new one for $250 million at only 4.50 % seems like an even better deal -- at first glance. I guess it depends on how they use the money.