Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.31

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Nov 13 3:59 PM EST

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To: StanX Long who wrote (54635)	10/24/2001 10:58:29 PM
From: BWAC	Read Replies (1) of 70976

Interesting stuff there from Lehman. $25 Million though isn't a whole lot of shares in those 5 stocks. I wonder what prompted this? This is something to keep an eye on. It would seem to me if Lehman brought these notes out at todays prices in a market rally for the 5 stocks, it is quite possible the stocks could fall back some over time, the price of YLO.A fall correspondingly, and the original 8% yield go up due to the falling prices. That would be the time for all of us to jump into this. Although the whole thing is kinda weird? "Lehman said it will use a portion of the proceeds for general corporate purposes and a percentage to acquire common stocks that make up the basket." So how is the note going to equal the basket of stocks purchased if Lehman spends portions of the proceeds for general corporate fluff? "the maturity date, upon which Lehman will pay holders an amount equal to the closing level of the basket, which will be based on the closing prices of the stocks on the valuation date."?

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