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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Thai Chung who wrote (1232)2/12/1999 10:38:00 PM
From: Dave Chanoux  Read Replies (1) | Respond to of 2882
 
Why would they call the convertibles?

Possible reasons:

1. Eliminate the interest expense, improve eps. Does it?
2. Clear the balance sheet for stock take-over.
3. Stock price supports it. Comfortably above conversion price.

Other reasons?

Regards,

Dave Chanoux




To: Thai Chung who wrote (1232)2/13/1999 9:52:00 AM
From: Tom Caruthers  Read Replies (1) | Respond to of 2882
 
Thai,

Intel will also buy more analog chips from ADI, he said. Analog chips make up 75% of ADI's revenues and
that market is beginning to recover, Fishman said.

This is the first time that I've heard this mentioned. This can only positively impact ADI's long-term picture and to me is good news.

Looks like a rout coming to tech bell-weathers. I'll be glad when it's over.

Tom


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