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Technology Stocks : Flextronics International (FLEX)
FLEX 63.03+0.3%Dec 18 3:59 PM EST
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To: Pruguy who wrote (1279)5/31/2000 10:24:00 AM
From: tuck  Read Replies (1) of 1422
 
Pruguy,

The math does look strange, but it's a convertible instrument, so we'll just have to wait for the SEC filing and decipher it then. From the PR:

"As part of the deal, Motorola will buy an equity instrument at a discount for an initial payment of $100 million. That instrument is convertible over time into 11 million shares of Flextronics stock, representing about a five percent stake."

Meanwhile, having sold June 60 puts on FLEX, I'm happy to see this, indeed.

Cheers, Tuck
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