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To: IceShark who wrote (54615)9/22/2000 12:49:50 AM
From: richard surckla  Read Replies (1) | Respond to of 93625
 
IceShark... Aren't they (MU) a little late in this move?



To: IceShark who wrote (54615)9/22/2000 5:28:11 PM
From: blake_paterson  Respond to of 93625
 
<<He has no clue.>>

Thanks for the unsolicited compliment.

<<..believe this is the first time they could force conversion of the bonds into common and get the debt monkey off their back..>>

That was my point, plus: why do it NOW at this (very low) price of common? Or was the convertible price fixed and not floating? Doesn't make sense to me, debt ain't as expensive as discounted stock, but then again, what do I know? I have no clue ;)

BP


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