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Technology Stocks : Apple Inc.

AAPL 278.75

+0.5%

3:59 PM EST

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To: David Semoreson who wrote (9474)	3/14/1998 6:27:00 PM
From: Eric Yang	Read Replies (1) of 213176

According to S3 Apple has the option to redeem or call those convertible notes before 2001. Thus the note holders could be forced to convert to stock if AAPL trades above $29.205. The earliest date for this is June 1 1999. If Apple choose to do this between June 1 1999 and June 1 2000, in addition to the normal interest to day it would pay $1024 for every $1000 or the original loan, a one time %2.4 premium. Between June 1 2000 and June 1 2001, Apple would pay $1012, or a 1.2% premium. Eric

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