According to the latest 13G report dated 2/11/02, $227 million of that debt was converted to common stock.
"...Shares reported by Capital Research and Management Company include 1,453,650 shares resulting from the assumed conversion of $174,500,000 principal amount of the .0% convertible due 11-8-15 and include 5,502,370 shares resulting from the assumed conversion of $53,235,000 principal amount of the 3.5% convertible senior note due 11/1/08..."
"... Capital Research and Management Company, an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 is deemed to be the beneficial owner of 67,918,020 shares or 7.1% of the 952,711,020 shares of Common Stock believed to be outstanding as a result of acting as investment adviser to various investment companies registered under Section 8 of the Investment
Company Act of 1940..."
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It looks like some "investment companies" find GLW attractive.
EKS |
