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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (17683)	1/26/1999 12:34:00 AM
From: Michael	Read Replies (2) \| Respond to of 18263

interactive.wsj.com <<The Nasdaq Stock Market is clarifying the risks related to an unusual financing technique that some observers say can devastate a company's stock price...It's "an unusual financing device that had serious unintended consequences" for companies, said Michael Emen, vice president of listing qualifications at Nasdaq. "We've seen a sufficient number of these to recognize that it's not going to go away." Because of the dangers, some critics have dubbed the securities "toxic convertibles" or "death spirals."...The minimum level, set at $1 for Nasdaq's Small-Cap Market and $5 for Nasdaq's National Market, "must be thoroughly considered because the characteristics of future-priced securities often exert downward pressure" on the stock price, said the Nasdaq release.>> sure is a nice day michael