Hi Bernard,
The new stepped up value for conversion this year is 42 3/8, if I remember correctly. We ought to give that a go tomorrow. I don't think Stephanie can do much to ruin this party, can she?
The only thing that worries me a little is that she can probably bash the deal saying both companies way over paid for what they got. You know, like I'll buy your car for 25,000 if you buy mine for 20,000, when in reality they're worth 10,000 and 15,000. Steve said something like there is already talked that both sides were marked up by maybe 100%.
FWIW, I just talked to Steve from JFK as he was waiting for his plane, and he is one psyched up guy. Very excited about everything he heard today. Hasn't slept in about 48 hours and still going at about 120 MPH (but that is almost a normal speed for Steve, he just never slows down). He went on a bit, but hopefully he'll be able to post a good summary tomorrow. Definitely very excited though. Also hints of a lot of news yet to come (ie expecting $600 million in government contracts in the next 2 to 3 months).
Steve
PS Ric, the converts price steps up in October I believe. And Bill coming on next. |
