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Technology Stocks : Micron Only Forum
MU 228.50-5.6%Nov 18 3:59 PM EST

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To: Zeev Hed who wrote (50848)3/17/2000 7:46:00 PM
From: Steve Robinett  Read Replies (1) of 53903
 
--Zeev
I did pick up the suggestion of "death spiral" converts from the exchange of posts you mention. Sorry about my own misapprehension of what you were saying. The real question in all this talk about convertible debt is the impact any conversion would have on MU's common. Some dilution, obviously, but it seems to me the total number of shares involved--20 million--could easily be absorbed without a problem by MU, certainly without sending MU into a tailspin. What I suspect will send MU into a tailspin is an earnings shortfall. Whether that will come Tuesday or later will be interesting to see.
Best
--Steve
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