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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (59763)9/30/2000 9:58:13 PM
From: RockyBalboa  Read Replies (2) | Respond to of 122087
 
To enhance its stock repurchase program, Microsoft sold put warrants to independent third parties.

These put warrants entitle the holders to sell shares of Microsoft common stock ....


I only stated that the puts have very specific optional noncash settlement rights; that does not change their character, being puts (from a market risk perspective).