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Technology Stocks : Semi Equipment Analysis
SOXX 306.14+0.4%Dec 24 4:00 PM EST

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To: Return to Sender who wrote (750)6/27/2001 5:38:01 PM
From: The Ox  Read Replies (1) of 95632
 
The notes will have a term of seven years and will be convertible into the Company's common stock at the option of the holder, at a price to be determined.

I think the bold section highlights why the market doesn't like the convertible. In today's tough market environment, ASYT mgmt decides to toss this gem at the investment community? A week ago they talk about lack of visibility, then they cloud their outlook even more with this press release!

I would call the company to get as much information as I could before even considering taking a position. JMO.

Michael
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