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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Andre Williamson who wrote (24760)1/27/2004 6:51:09 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 60323
 
Andre, typically what happens when a convertible security is converted is that the liabilities go down and the equity goes up. That is, a convertible bond starts out as a debt instrument and when converted ends up as equity. Thus, when conversion takes place, the total equity of the company rises (not necessarily equity per share).

Art