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Technology Stocks : Cymer (CYMI)
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To: Roadkill who wrote (23511)11/3/1999 8:20:00 PM
From: ScotMcI  Read Replies (1) of 25960
 
If Cymer goes above $47, my hope would be that most of the note holders would sit tight, collect the interest, and treat their conversion option as an in-the-money call option. One thing I wonder about: the notes are redeemable by the company in August 2000, with 30 days notice. If given notice, would a note holder then still be able to convert, or would the notice lock out that option? If the latter, if the stock price is above $47, anyone holding a note @August 2000 will be converting it to avoid the possibility of losing their profits.
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