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Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Sara who wrote (1107)	4/1/1999 9:23:00 AM
From: George Martin	Read Replies (1) \| Respond to of 1260

Hi, David - To track the actual discount, just take .7722 times the price of YHOO at any particular time and that will give you the current conversion value as of that time -- the current price of BCST at that same time will be lower than that converted value and the difference is the discount. This discount tends to be at least in range of 5 to 8 %. As BAM has pointed out and I cited examples for in my post last night, the gap or discount can vary substantially and of course decreases as the actual merger date approaches and the deal closes. The discount is based on the presumed risk or uncertainty of the deal becoming final and other risk factors, either actual or anticipated. As I commented last night, with a perceived positive market perception of the strategic value, good fit, and reasonable terms of the deal, positive share price movement by YHOO can add further upside to the actual conversion value. Seems to be true this morning and let's hope it continues to be so -- Good luck to all George Martin