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Technology Stocks : Micron Only Forum

MU 232.59

-2.1%

Dec 16 3:59 PM EST

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To: John Graybill who wrote (47346)	7/28/1999 7:33:00 PM
From: tom rusnak	Read Replies (1) of 53903

G'day John, I know you've been looking at November for the grand daddy of all tout fests, but could this be it instead? Perhaps they've thought that the market conditions later on this year won't suit them: the September EPS will probably miss expectations, October could bring the whole house of cards down, Year/2000 worries could cause a downturn as well. The Convertible Notes [owned by TXN] are convertible into 12.3 million shares of MTI common stock at a conversion price of $60 per share. The Convertible Notes are not subject to redemption prior to October 2000 and are redeemable from that date through October 2002 only if the common stock price is at least $78.00 for a specified trading period. I think the specified period is 20 days out of 30. If they try to achive that by September EPS then they need to get to $78 by early/mid August. Your thoughts on whether this is the Mother of all runs? tom

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