Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.89

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Dec 31 3:59 PM EST

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To: robert b furman who wrote (49679)	7/24/2001 11:49:26 AM
From: Ian@SI	Read Replies (1) of 70976

A rather enlightening article on the recent NVLS convertible bond issue in today's WSJ... interactive.wsj.com July 24, 2001 Novellus' Unusual Convertible Raises Eyebrows on Wall Street By SUZANNE MCGEE Staff Reporter of THE WALL STREET JOURNAL Who says there's no such thing as free money? Novellus Systems Inc. last week raised $800 million in a financing deal that won't cost it a penny in interest payments. Indeed, the San Jose, Calif., maker of semiconductor production equipment could even make some money in the short-term from the transaction. And yet some investors have jumped at the chance to buy these new Novellus convertible securities. ...

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