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Cypress Semiconductor Corporation Message Board

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  • floppy_6 floppy_6 Feb 24, 2006 5:27 PM Flag

    $600,000,000 1.25% Notes

    Hmacafe,

    I and Simon discussed on this issue sometime ago. Basically the conversion price is somewhere near $12.72 for everyone $700 of $1000 face valued convertible. Holders had already hedged their holding. The large amount of short interest you see at Yahoo.finance is this hedge result.

    I also expect the company paying off this convertible bond by secondary offering on SPWR.

 
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