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

To: Greg Hull who wrote (19097)	11/5/1998 5:24:00 PM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Greg, It didn't look like there were any shenanigans going on today. We should have pushed the $1.125 close on October 8th out of the conversion window. So, we go from a conversion price of $1.156 ((1.125 + 1.09375 + 1.25)/3)) today to $1.198 ((1.09375 + 1.25 + 1.25)/3) tomorrow. If things don't collapse on Friday, we should move to $1.25 ((1.25 + 1.25 + 1.25)/3) on Monday. Does this match your calculations? (I'm using 20 days.) It might not look like much, but the Reg D guys would have to push things below $1.25 to do themselves any good now. If we don't see a big downward push tomorrow (Friday), I would be tempted to believe that the Reg D selling has subsided. Craig