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Technology Stocks : Nortel Networks (NT)
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To: Harry J. who wrote (12895)6/4/2002 1:07:49 AM
From: sylvester80  Read Replies (1) of 14638
 
Well... 150 million shares at $2 does not add to $800 million. Instead it adds to only $300 million. So half a billion of dollars must be coming out of somewhere else. Probably the convertible. And given the current environment, they'll probably get real bad terms on it. At the worse case you could be looking at another 200-250 million arbitrage short shares. So you could be looking at a 10-13% dilution.

JMHO.
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