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Technology Stocks : Corning Incorporated (GLW) -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (1538)11/15/2001 10:50:35 AM
From: BWAC  Read Replies (1) | Respond to of 2260
 
<Underwriters Have Exercised Option to Purchase Additional Securities>

Sure they did. Got to find cover for the previous short sells on the sly, without competition, away from the open market, without creating any buying pressure. Ever wonder why the individual investor is shut out of the convertible scheme?

Consider LU is just junk according to the Street. Huge short position. YET did you see the line of convrtible buyers for them? And their eagerness to buy a whole lot more above the regular issue. A'holes couldn't buy that gift fast enough.



To: Proud_Infidel who wrote (1538)11/15/2001 10:53:14 AM
From: Jerome  Read Replies (1) | Respond to of 2260
 
Brian...if this is a good deal for the buyers, then GLW should be viewed as a good deal for us investors? GLW, given their outlook is undervalued at current prices, IMO.

Regards, Jerome