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To: reaper who wrote (250443)7/16/2003 12:06:11 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
I like puts on financials to go with ur bonz <g>



To: reaper who wrote (250443)7/20/2003 2:26:18 PM
From: Square_Dealings  Respond to of 436258
 
<meanwhile, my bonds continue to kick butt.....>

Are you short bonds or what dood?

M



To: reaper who wrote (250443)7/23/2003 12:37:01 PM
From: Perspective  Read Replies (2) | Respond to of 436258
 
SOHU sold calls on its stock too:

Zero coupon, zero yield debt, conversion $45. Can't tell when it's putable.

biz.yahoo.com

SOHU.COM Announces Completion of the US$90 Million Zero Coupon Convertible Senior Notes Due 2023
Tuesday July 15, 2:55 am ET

BEIJING, July 15 /PRNewswire-FirstCall/ -- SOHU.COM Inc. (Nasdaq: SOHU - News), China's leading online media, communications, commerce and mobile value-added services company, today announced the completion of the US$90 million principal amount of zero coupon convertible senior notes due 2023.

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As noted previously, the notes do not pay any interest unless specified defaults under the registration rights agreement in favor of holders of the notes occur, have a zero yield to maturity, and will be convertible into SOHU common stock at a conversion price of US$44.76 per share, subject to adjustment. Each US$1,000 principal amount at maturity will initially be convertible into 22.3414 shares of SOHU common stock.

The notes and the common stock issuable upon conversion of the notes have not been registered under the U.S. Securities Act of 1933 or the securities laws of any other jurisdiction. Unless they are registered, the notes may be offered and sold only in transactions that are exempt from registration under the U.S. Securities Act of 1933 and the securities laws of any other jurisdiction.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

Safe Harbor Statement

This announcement contains forward-looking statements. We may also make written or oral forward-looking statements in our periodic reports to the Securities and Exchange Commission on Forms 10-K, 10-Q, 8-K, etc., in our annual report to shareholders, in our proxy statements, in press releases and other written materials and in oral statements made by our officers, directors or employees to third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them.

Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, SOHU's historical and possible future losses, limited operating history, uncertain regulatory landscape in the People's Republic of China, fluctuations in quarterly operating results, and the company's reliance on online advertising sales, e-subscriptions (most of which are collected from a few telecom operators) and e-commerce for its revenues. Further information regarding these and other risks is included in SOHU's Annual Report on Form 10K for the year ended December 31, 2002, Quarterly Report on Form 10Q for the quarter ended March 31, 2003 and other filings with the Securities and Exchange Commission.

Source: SOHU.COM Inc.