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To: Bonnie Bear who wrote (36362)4/26/1999 4:50:00 PM
From: wlheatmoon  Read Replies (1) | Respond to of 86076
 
convertible bonds and AMZN were written up somewhere this weekend...i think Barron...but i could be mistaken...the only other paper i read was NYTimes.....AMZN bonds can be converted at around 232 or so and the buyers of the bonds would have 50% return.....so the math goes from the report........

the writer feels there would be a downward pressure once this occurred,,,,hell if i know...i'm just too dumb to play......