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

To: Bald Eagle who wrote (2360)	7/14/1998 10:01:00 AM
From: still learning	Respond to of 3033

Looks like they're selling convertible notes. can't tell if they're selling to DLJ or if DLJ is underwriting, but looks like the former. Interesting, especially with a conversion price north of $40 and an extremely favorable interest rate. Then again, this could just be a shelf offering that nobody will want.

To: Bald Eagle who wrote (2360)	7/14/1998 11:22:00 AM
From: Blow Back	Respond to of 3033

Vantive sold those convertable debentures mysteriously close to the aquisition of the field service inventory mgt/logistics company. When a company is viewed favorably in the market, it has the option of offering convertable debentures instead of a second or third stock offering. It appears to be an instrument whereby the offering company can raise some cash at a very reasonable rate while promising to issue stock to the lender at a future date/fixed price. If all goes well, it can be a good deal for both buyer and seller.