Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas G. Busillo who wrote (48120)	9/9/1999 9:10:00 PM
From: Thomas G. Busillo	Respond to of 53903

Correction on TXN (I think). How can TI sell "40 mil." shares of MU, when 12.3 mil. shares are part of a convert package that isn't redeemable until October 2000 at the earliest? Doh! Becuase if the conversion price is $60 they can do it anytime after the initial Lock-Up (ending 3/31/99) and before 2005 becuase it's an embedded call option. The 10/00 date would apply to a forced conversion. My bad. But, still, what is the significance of 10/1/99 and why would there be any more degree of concern then than there was today or last week? Did something occur that put some sort of second lock-up on TI? The Rendition pooling ocurred a while ago. I don't think the INTC shares would qualify as a "public offering" (?) Does anyone speak legalese who can make sense of the 9/30/98 SEcurities Rights and REstrictions agreement (contained in the intial TI 1998 10K filed 2/99)? In my gut, I think this whole thing is b.s., but I just want the firepower to prove it. Tom