Semi, perhaps you can enlighten us as to which companies have had their stock go up when completing a convertible offering.
Not Cray, that's for sure. BTW, I was just answering a question that was asked. I'm so sorry that some people apparently don't like what the messenger delivers. In any case, whether other companies have experienced a similar drop in value, while doing a convertible offering, isn't the point.
The Point is, it appears that Cray HAS to do it, in order to stay afloat, which IMO is a bad thing, regardless if other companies experienced a similar drop, during a convertible offering. Also, Wall Street doesn't seem to think it's a good thing for Cray..... either.
Don't blame the messenger, just because you don't like the message.
[Edit]: Wooops.... I meant Cray, not Sun, as originally posted. Thanks "Pops".
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