1. Apple Computer Inc. may sell convertible debt to shore up its dwindling cash balances and to finance the reorganization of its businesses, Chairman Gilbert Amelio said. 2. As the herd stampeded out of junk bonds, convertible debt, emerging market bonds, even relatively unrisky corporate issues, buyers for these securities disappeared. 3. Asian investors contributed about three-quarters of the money for Nextwave, all in the form of convertible debt. 4. At L.F. Rothschild in New York, she toiled on initial public offerings and convertible debt issue. 5. BankAmerica gains the ability to underwrite equity and convertible debt, sell equity research, give advice on mergers and acquisitions, and sell mutual funds. 6. BNDESpar is selling the convertible debt to provide investors with a way to invest in Eletrobras, a state-controlled holding and funding company for the utilities industry. 7. But a company whose convertible debt is trading at depressed levels can retire it by paying holders of the debt a fat premium to the price the bonds fetch. 8. Earlier this month, Apple Computer Inc. said it may sell convertible debt to shore up its dwindling cash balances and to finance a reorganization of its businesses. 9. For example, only one convertible debt issue came to market in all of August. 10. Fully diluted earnings include the options, warrants and convertible debt that could cut earnings for each share of common stock. |
|