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Technology Stocks : All About Sun Microsystems
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To: Sonki who wrote (15025)3/29/1999 12:59:00 PM
From: E_K_S  Read Replies (1) of 64865
 
Hi Sonki - I have left a message at Sunw's IR regarding this thought of converting a few of my SUNW shares into a SUNW convertible bond that pays interest. I think we may get a better response from Sunw if other shareholders interested in such a program send an e-mail directly stating their interest accordingly.

Perhaps you could provide the e-mail address for SUNW's IR department and reference the link I posted. Any interested shareholder on this thread could send an e-mail accordingly.

I would think that if there was enough interest by shareholders, SUNW would not have to go to the public market for financing their new debt requirements but rather go to current shareholders. They would only need about 4.2 million shares from current shareholders to raise the $500 million they require to build their new facility.

It would not only be cheaper for our company to raise the required capital this way (both in lower interest rates and reduced filing fees) but it would benefit the current shareholder that wanted to convert a portion of their investment into a "bond" like security w/o immediate tax considerations (taxes could be deferred until the bond matures or is converted to new shares and those shares are sold).

I will post anything I hear from our company regarding this matter. I am anxious to see if our management would consider such a proposal (being innovative and responsive to shareholders requests), rather than just stating "We can not do that! or This has never been done before...".

Usually such private convertible bond placements such as this are limited exclusively to the large institutional investor not the small common shareholder.

EKS

P.S. General information: (http://www.sun.com/corporateoverview/investor/)
Phone:
1-800-801-7869 or
1-650-336-6299
Fax: 1-650-336-0646
E-mail:
investor-relations@sun.com
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