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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (5309)12/18/2001 10:01:22 AM
From: Stoctrash  Respond to of 33421
 
Got Converts?? Brocade Communications Systems, Inc. to Offer $500 Million of Convertible
(PR Newswire 12/18 06:51:57)
Subordinated Notes
SAN JOSE, Calif., Dec. 18 /PRNewswire/ -- Brocade Communications Systems,
Inc. (Brocade(R)) (Nasdaq: BRCD) announced today that it intends to offer in a
private placement, subject to market and other conditions, $500 million in
convertible subordinated notes due 2007 in an offering to qualified
institutional buyers. The interest rate, conversion rate and offering price
are to be determined by negotiations between Brocade and the initial purchaser