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Non-Tech : HMT TECHNOLOGY - UNDISCOVERED YET! -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (2167)	3/16/1999 3:18:00 PM
From: AreWeThereYet	Read Replies (1) \| Respond to of 2253

What's with HMTT... it is something to do with the DELL and IBM deal. Guess Dell will use IBM DD from now on, no more room for Maxtor. WD also has a technology pact with IBM and Komag... so who's left? Quantum, Seagate and Iomega. aC

To: Bosco who wrote (2167)	3/16/1999 3:21:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 2253

the bond is a convertible. It has a 5 3/4 coupon and matures Jan 15 04. It is convertible to HMTT at 23 3/4 so it is well out of the money. As a result there is no conversion premium built into the price. The most recent price indication is 57. At that price it has a current yield of 10.09% and a yield to maturity of 20.064%. The bonds are rated B3/B-. You can follow the price under the symbol HMTTG on Nasdaq. Be very cautious however, these bonds are very illiquid and trade on very wide spreads.