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Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST

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To: Jed Davidow who wrote ()9/14/1999 8:36:00 PM
From: Dr Goodhybe  Read Replies (1) of 1728
 
I'm a doctor, not a stock analyst: what does this mean?

"Affymetrix... announced today that it proposes to make a private offering of $100 million of Convertible Subordinated Notes due 2006... with an option to issue an additional $25 million of Notes. The Notes will be convertible into Common Stock, at the option of the holder, at a price to be determined. The Company expects to complete this offering in September, 1999."

Good news? Bad news? Indifferent news?

Doc Goodhybe
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