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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: Marshall who wrote (30651)	2/2/1999 8:16:00 PM
From: BDR	Read Replies (2) \| Respond to of 33268

"I would hardly consider the current offering as a "toxic convertible" as that implies a discounted convert." From the S-3: <<The Series D Convertible Preferred Stock is convertible into common stock at the option of the holder beginning March 17, 1999, subject to acceleration in certain events, at a conversion price equal to 80% of the trailing five-day average closing bid price of the common stock on the conversion date. The conversion price is subject to a minimum conversion price equal to the trailing 15-day average closing bid price of the common stock on March 17, 1999 and is subject to the maximum conversion price equal to the lesser of $3.00 or the trailing five-day average closing bid price of the common stock on March 17, 1999.>> Sounds like a 20% discount to a five day trailing average with a minimum and maximum to me.