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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Tom Simpson who wrote (3579)6/9/1998 6:32:00 PM
From: Frodo Baxter  Read Replies (1) | Respond to of 9256
 
They got their bank line from BankBoston before they did the convert deal. In terms of cash, it's no problem. But if you are holding the zeros, the chance of conversion just got a whole lot worse. (And that's really awful, since you get no coupon and WDC can't really afford the principal)