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Technology Stocks : Micron Only Forum
MU 228.50-5.6%Nov 18 3:59 PM EST
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To: John Graybill who wrote (45883)5/19/1999 10:59:00 PM
From: Zeev Hed  Read Replies (1) of 53903
 
John, the strange thing with those convertible is that there is a pretty good chance that MU will find a way to get its stock above 87 or so for 20 days later this year (after the July dead line). Do not ask me how they will do it (it might be labelled "libelous" if I did), but the street will help (not lowering the rating but decimating the earnings expectations is one way). At least, the bond holders that decide not convert (if not called) can always short against the block if the price gets above the 130% of conversion.

Zeev
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