Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Mani1 who wrote (86233)	8/2/2002 7:51:16 AM
From: TGPTNDR	Respond to of 275872

Mani, Re: <and don’t think their other business can support the maturing debt.> "Even after Corning receives proceeds from its $500 million mandatory convertible preferred stock offering (for which it must set aside $105 million to secure future dividend payments), we don't think the company has sufficient cash to meet a $2 billion put option likely to be exercised in 2005 and, consequently, maintain our view that the company's balance sheet carries liquidity and dilution risk for current shareholders," Morgan Stanley wrote in a research note. biz.yahoo.com I don't know what the option is that they're talking about 'cause I'm not particularly interested in the company. -tgp