Skeeter, these two are not contradictory, to satisfy INTC and TXN, the mid 70' will do to force the conversion high $80, and probably all the way to high 90 since they need to be above $87 20 out of 30 days. The end result in any event will be higher prices and reduction in MU debt (conversion to equity) which will, of course be sold without the need of a secondary to the public, wither by selling calls, buying puts or shorting the stock it self, once it get to the stratosphere. But, in any event, to the stratosphere it will probably get. Time is running out, however, and they must rush, who knows how long the sox can stay in this "frolicky" mood.
Zeev |
