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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Ken Muller who wrote (7505)11/6/1997 4:34:00 PM
From: Tom Terf  Read Replies (2) of 14577
 
Ken:

You have a good point here.

The debenture holders usually have fairly strong rights as
you suggest... and with zero profits to cover interest on this
debt going forward, S3 could be in a real bind.

The bond holders obviously can't see the stock at the $ 19 conversion level any time soon, so they may be highly motviated to overturn the whole agreement as you suggest.
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