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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: TheLineMan who wrote (31566)	3/22/1999 9:16:00 AM
From: Marshall	Read Replies (2) \| Respond to of 33268

There was a big, long article off of CNet someone posted somewhere earlier that explained quite a bit about Axxel's career. It was rather impressive and yes - that was one of the firms mentioned. So what? A bunch of us always have lunch after the RACE SH meetings and there's always the same two analysts that join us. These guys don't just serve as analysts for any one firm - both work for several firms and both are highly respected. Next - the question is do YOU know what a "death spiral" convert is? If I recall that's usually referring to a floorless discounted convert where the conversion price is figured out daily by an average of some amount of previous closing bids. The Series D convert on RACE was not that - it was for a set maximum and minimum conversion price as set by the bid price on March 17th which, if I recall correctly was above $3 so the conversion price is SET at $3 from now on for whenever they decide to convert (if they already haven't done so). Logic states that those shares are effectively long now and if the stock dropped below $3 they'd be losing money since the price is now SET. I also don't know why everyone's trying to make a big deal over the possibility of a mere 333,333 shares slowly entering the market. It would be slowly too - it's to their advantage not to rock the boat. If you had bought shares in a company at $3, decided to sell them and the stock was above that now you'd certainly want to get the most for each of your shares, wouldn't you?