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Technology Stocks : Intel Corporation (INTC)
INTC 36.61+1.1%2:58 PM EST

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To: Joe NYC who wrote (156655)1/24/2002 12:23:11 PM
From: Tony Viola  Read Replies (3) of 186894
 
This will be a very distressing news to many investors especially those of IBM (with $17 billion - yes that's b) and GE (with $81 billion) of LT debt. These companies are so weak that by now, I am sure they are penny stocks.

BTW, INTC happens to have more LT debt ($972 million) than AMD ($672 million).


Joe, isn't AMD's new debt instrument one that's convertible to common stock, which will result in dilution of the stock? When's the last time any of those other companies you mention diluted their stock this way?

Tony
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