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


To: Pam who wrote (26963)11/16/2004 4:26:33 PM
From: Pam  Read Replies (1) | Respond to of 60323
 
This is the from the prepared remarks during the Conf Call-

During the quarter, we expect to call our $150 million convertible bond, which is redeemable on or after November 17th. This will result in a partial quarter of interest expense and a charge of approximately $1.9M to other expense for unamortized bond issuance costs.

Since the Bond was convertible into stock at very attractive prices, my belief is that everyone converted and next Q, B/S should show no Debt and 30mm (or should it be 15mm?) more shares O/S.

-Pam