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Non-Tech : Action Performance....ACTN -- Ignore unavailable to you. Want to Upgrade?

To: CMon who wrote (150)	5/8/1999 8:36:00 PM
From: Stoctrash	Respond to of 278

At a PE of 20...I'd hardly call it "one time Star wars promote"...as far as the internet hype, well they just opened their site last quarter and from what I'm seeing the hype has just begun!! If you want hype go short some Net stock with no earnings or some chip stock with 150 PE. I'll tell you again...you're gunna get smoked shorting this thing. Once it breaks 40 again..it's all over. BTW....you shorting RACN too...? ================ ACTN filing...Fidelity owns a bunch.. freeedgar.com Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d- 2(b) and the person filing, FMR Corp., is a parent holding company in accordance with Section 240.13d-1(b)(ii)(G). (Note: See Item 7). Item 4. Ownership (a) Amount Beneficially Owned: 2,018,301 (b) Percent of Class: 11.929% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 135,900 (ii) shared power to vote or to direct the vote: 0

To: CMon who wrote (150)	5/8/1999 9:36:00 PM
From: Stoctrash	Read Replies (2) \| Respond to of 278

Cmon, If you believe in the short story for ACTN, how many of the current shorts could be Arbs also holding the convertible? My guess is that currently 1.2-1.8M shares short are from the Arbs/Pros holding the converts. What do you think? (100M convertible in to stock @ 48.2 into 2005) " On March 24, 1998, the Company sold $100.0 million of 4-3/4% Convertible Subordinated Notes due 2005 ("the Notes"). The Notes are convertible, at the option of the holders, into shares of Common Stock at the initial conversion price of $48.20 per share, subject to adjustments in certain events. Interest on the Notes is payable semi-annually on April 1 and October 1 of each year, beginning October 1, 1998. The Notes mature on April 1, 2005. The Notes are general unsecured obligations of the Company, subordinated in right of payment to all existing and future senior indebtedness of the Company, as defined in the Notes. The Indenture governing the Notes does not limit or prohibit the incurrence of additional indebtedness, including senior indebtedness, by the Company or its subsidiaries. The Company, at its option, may redeem the Notes in whole or in part at any time on or after April 1, 2001, at redemption prices set forth in the Indenture governing the Notes. Upon the occurrence of a "change in control" or a "termination of trading," as defined in the Indenture, the holders of the Notes will have the right to require the Company to repurchase all or any part of such holders' Notes at 100% of their principal amount, plus accrued and unpaid interest. The net proceeds to the Company from the offering were approximately $96.5 million, after deducting offering expenses of approximately $500,000 and the Initial Purchasers' discount of 3.0%."