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Technology Stocks : Finisar - FNSR
FNSR 23.770.0%Sep 24 5:00 PM EST
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To: All Mtn Ski who wrote (275)9/6/2002 6:44:46 PM
From: jerryriti  Read Replies (1) of 509
 
Have found the information.

The issue was $100,000,000, 5 1/4%, 2008 and is redeemable after 1/15/04 @ $5.52! Does not qualify as a death spiral convertible as the holders can short with impunity only down to their conversion price, ie, $5.52! I read a short statement issued by the company and will do some more digging, but unless there are other provisions than those in the October 2001 filing which I read, it is unlikely that the convertible holders are shorting at these levels as they will have to ante up $5.52/share should they wish to redeem!
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