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Technology Stocks : p-com (pcms) -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (879)	12/30/1998 2:38:00 PM
From: stevebro	Read Replies (2) \| Respond to of 1461

spoke w/inv relations @p-com the issue is not floorless has been filed w/sec and should be showing on edgar any day in detail, but, generally, 3 cnvt steps 1)between now and 5/14, can cnvt at $6.00 2)15 day lookback avg can cnvt at 105% 3)variable conv feature for 2 1/2 yrs.trailing 15 day avg @101% inv. relations expressed confidence in the buyers of private placement having a track record of l.t. investment in the past deal as explained seemed structured to provide breakeven at best if converted at lower prices