SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?


To: Redman who wrote (6187)3/10/1999 6:05:00 PM
From: Cogito  Respond to of 9068
 
Redman -

I don't know what factors influenced the board's decision to seek outside capital. It's a question I'd like to have answered, though.

- Allen



To: Redman who wrote (6187)3/10/1999 11:18:00 PM
From: Mike Buckley  Read Replies (1) | Respond to of 9068
 
Any comments on the overall effect of this offering.

We'll have to see the terms of the convertible aspect. I always look at this sort of debt by examining the dilution that will occur if all the debt is converted. The company gets below-market interest rates because the debt is convertible, but the important details about the convertible nature of the debt aren't yet disclosed.

--Mike Buckley