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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Panita who wrote (18179)9/24/1998 10:17:00 PM
From: Kerry Lee  Read Replies (1) | Respond to of 29386
 
I think you are reading too much into the short interest numbers since the Reg D guys have shorted against the box prior to conversion. In other words, they do not have to cover their short positions by buying shares on the open market..they can cover their shorts by delivering their common stock after they convert their preferred stock to common.