1.   Apple already has made its convertible sale work.

2.   As a result, the convertible preferred sale may provide Kmart with a vote of confidence in its revival plan, as well as more money to complete it.

3.   A surge in new convertible sales would therefore be welcome, investors said.

4.   All Chrysler car lines except the Sebring convertible reported lower sales.

5.   The loan and convertible preferred sale are expected to be completed simultaneously next month.