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Technology Stocks : Andrea Electronics (AND) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1285)	7/27/1998 7:56:00 PM
From: Ali Husain	Read Replies (1) \| Respond to of 1356

Does anyone knows when ANDREA reports earnings? Ali

To: Zeev Hed who wrote (1285)	7/28/1998 1:49:00 AM
From: chester lee	Read Replies (2) \| Respond to of 1356

Zeev, I short mainly discount convertible stocks, and AND qualifies as a good one to short. From reading many many S-3's, conversion at the average of the two lowest trading days is severe. Most deals are at the average of the lowest 5 trading days. The 2.1mm max shares puts the conversion price at approx 5.25 (don't forget the 6% annum interest). Since the shares outstanding is 11mm, it is more likely that 2.1mm limit is to keep the dilution under 20%. Exceeding the magic number of 20% requires shareholder approval. see market guide report for fundamentals: marketguide.com The earnings report is due tomorrow. I think todays buying in the last few hours is in anticipation of tomorrows report. I have no feeling on weather tomorrows report will be positive or negative. I'm short because of the convertible deal. chester chester