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

To: Frodo Baxter who wrote (3584)	6/10/1998 12:26:00 AM
From: Tom Simpson	Read Replies (1) \| Respond to of 9256

>WDC can't really afford the principal) and won't have to in this cycle I just looked at the 5/12 S-3 filing to find the terms. 20 year zeroes discounted to 35.7%, converts at 66 bucks, company can call after 5 years. Conversion looked a long way off before this latest. Wonder what those guys will be selling for tomorrow. How I miss the Post-Carter years when you could buy AAA GMAC 10 year zeroes for that same price. I think the level of thread panic here is way overdone. This company still has a whole lot of money to piss away before the fat lady sings and the curtain falls. Of course the snow in the immediate area is looking decidedly yellow :o) Best.....Tom