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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (54634)	10/24/2001 10:13:00 PM
From: StanX Long	Read Replies (5) \| Respond to of 70976

Anyone understand what this means to the actual stock price now and in the future? I am still watching these companies for them to reach down to Jerome price target. You may recall Jerome calling for, ORCL @ 14, NVLS @ 28 and AMAT @ 27.5. Thanks Stan : DJ Lehman Files To Sell $25M In Debt Linked To 5 Tech Stocks WASHINGTON (Dow Jones)--Lehman Brothers Holdings Inc. (LEH) registered to sell up to $25 million of debt securities tied to a basket of five technology stocks, according to a prospectus filed Wednesday with the Securities and Exchange Commission. Lehman said the basket comprises Applied Materials Inc. (AMAT), Cisco Systems Inc. (CSCO), Oracle Corp. (ORCL), Sun Microsystems Inc. (SUNW) and Veritas Software Corp. (VRTS). Lehman said it will pay 8% interest each year on a quarterly basis. The filing didn't specify when the notes will first be offered, nor did it provide the maturity date, upon which Lehman will pay holders an amount equal to the closing level of the basket, which will be based on the closing prices of the stocks on the valuation date. The company will seek to list the notes on the American Stock Exchange under the symbol "YLO.A." Lehman said it will use a portion of the proceeds for general corporate purposes and a percentage to acquire common stocks that make up the basket. Lehman said it or one or more of its subsidiaries might also acquire listed or over-the-counter options contracts in, or other derivative or synthetic instruments related to, the common stocks to hedge its obligations under the notes. -Donna Hemans; Dow Jones Newswires; 202-628-7691; donna.hemans@dowjones.com (END) DOW JONES NEWS 10-24-01 03:15 PM * end of story *