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Technology Stocks : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: Doughboy who wrote (6265)	3/15/1999 11:07:00 AM
From: Trader Dave	Read Replies (1) \| Respond to of 6318

NO! NO! NO! TLC gets one for one AT OR ABOVE $33 in Mattel based on 10 out of the 20 days (chosen at random) on the ten days prior to the deal closing. The only way that happens is in the unlikely scenario mattel is trading north of $33 before the deal closes. Between 27.5 and $33 the ten day average will create a ratio to get $33. If the 10 out of 20 average is $29, you get 1.13793 shares of mattel. If the average is below $27.50 it is a fixed 1.2 to 1 ratio. If mattel closes at $26 you get $31.20. If mattel closes at $23 you get $27.60. You guys had better do more homework if you're playing the arbitrage. TD

To: Doughboy who wrote (6265)	3/21/1999 9:48:00 PM
From: Deep Six	Read Replies (1) \| Respond to of 6318

I beg to disagree. I spoke with IR at TLC last week. Apparently some large holders, possibly Seligman, Warburg Pincus thought the $33 was low and they want that at minimum. Remember this all has yet to be voted on. There is a tremendous amount of manipulation in MAT and TLC now, as evidenced by the 2 1/4 point or 35 tick surge in MAT in one hour on Thursday. A very major player must have had calls or written puts. PMZ