Jane Street Capital Talk

Jane Street Capital Talk - Wehvwfi W941” Mike Janka-s...

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Unformatted text preview: Wehvwfi W941” { Mike Janka-s ‘Talké’sm Sweet WM.) EPA "5 4,1 excfia-nje M51861 {and M bafkfit O'F 3+°CLLY flat "had-QT I like 01.5th ‘19 EMWF‘L'AJ’A ' F5" 5‘35“ (Ml except (2534) 33% 3010 , @512; ajlmol , «fix an)?“ J1; 933* EH4, MM be thugs-19:13 . 8% 29“}ch Kr‘m (mt quq’a) Mia/la Md!“ Mae‘kft :24 EPA (Maybe becawre "mil/11¢ :+ w?“ IOW‘PEwfifW uy) CMloi :2er 350 (£044 rfldvfl OFIIIMD-qs on (143%:333 0!”th 3 loiol awL CLSk (17%“! lower #:qh ‘Fcsz wall/LE, J‘i/f 1431497 {4464 7%”!!! Valufi) Malta ’nxz {aw-.Ud’qé?" BaSkd VPKDO 414:ch 3 gzj' (“La/gee Car Vdgflfl/ Omar/ant 1L3 U‘S‘b/ Tqurt ow/F 'Wl/La} (if: wor‘H’l W now 9&0? +me 791:} VaLLvLE, ~ NW @EWI pabhxhtd rS' 70,00" h) Q‘MV‘YOJS {in/5.4420? 41' 0%!» achw’jQS/ Cloud 1..“ Q'H’L'nern) Wing/g "r? cloSQoQ 13:. g {14:2, {oes‘E Piece mt :hFo 7%» up“, }+ DJ” $5.011 New; +5 #1qu Mew/hm m made: MN a?“ mg; m “mam W1 M F :00, W. w W” N Toe-ma? M61151. ‘Hw Sifyehr/ PM? ““43 ‘frdde EPA 2:44 éems‘fi WW Mex (145“ WWW) 2% W‘Li'v'wtjwo W WW I? . .- 74516? modfictuw‘i-j (WM/M A’s/IF) 7. - h'b‘l- ("n "{4an Luna-1‘: a‘F long +ei/m Males- {25714- has baslcwf of ring-S in for,“ '1. . 591%, NW 051% ' Cowglqfifié bail-wean 3334 and NFV :fJEFAw—NKY / need J'HW 0' 0' - j ’ N ' ISI-aN 3 0;, ' ‘of’jdLrN ‘ Jilinoi 18 ‘* Cale-Mafia (’73qu 4114? 0‘? 504532) N , ,_,,__._.,.._._..._.._________ Suftuehmnq 5% beam-HWY) HOW “8 MEX OCH? fjmd Johnna Scam/t ) - 515.er 330 (A)! $1 emflgjees‘ moi-MOD vwziwrg in Eq‘ Des/hm fives axffiéns a 0504”" bake) elm“? deal; (mania eM'af fo W 3MP}; Jim/V aria, CCU/IV, band ‘9 Fol-($1415 .2' LL41“ not ‘73 G-flotzrjh liqf'gf/ CW1 make [@43me £401.04 Ink/f £\ _ ‘pV-noiy ; 19,35, awe/4:13 f'mdrhj) more; 3%qu mm (‘IK‘WW’JVS’M 7946“- fOOM Oar- {flour-fa 3 Efilt'bw fin F Com-PQM‘WI are Mia/Q 5 IOIOOocnc-«(qa ofi} Q. ‘ 0 k5 Q Jets?) hot 5644117ch high firms}? Ell—k Manajfment {4 MOST K-Tmmj (a) 375 1,0,. mm (mag Cost) w'ipgél‘gwf ‘9ng . €13,21th 03H?” MGM 3 Mani Bonds ‘ K [£1222 .—i§?e-H€VMMMJ ) , '3 " 3k F S ‘ “ k'mankef ”fake-€33 ET _ (-100 M (rt/p q? OF'hb/IS ' 900 M 3%? GI: Aria SW 1— ngM {:19 2 Q 00 M. c2 % _ 3 ' 100M _ 2%, 9k BOMMOd‘H’Ij 8W 300M 02% VGLK :. am‘t Monej Can [axe EA :1 0M7, (Invoke) 11“.:er V015] caudal); ddi’j shied allay. jam? poxiHb-ra) “(fin/M- + ygtf-«M» + . : (24 M (mom a? {a , girf: 01C itmefj 4qu Hie” Q ("KM 53%me F3— D'F hedj’eal Fifi-Hiya] flat %Q wade/4{€)3 eve'flumli‘j 439W“: +9 M0113 +58%?” (Wtf‘awicajvo'e’ LHS‘E' wwfilufiu-rfi' I ‘Dum‘vj {11:49: 015 (Em/SIMS} K 5 I _ afamk‘l' Fffahét arty-{41:33) Ma/Lfi’ Malcflijrv 4‘dh QFF‘OSH‘Q [mafia on [peaks—l“ j’lc Lugs- #:11sz f’fi.o’f"x‘uwvivex' C/dshes‘ VaK measure: 2'10! homen‘t \b [043% ,5 Relax-79,444 AITcrflfjhf .3 MQj 21009 W Emejifififid” COMVIM/‘ES Page 1 01°68 QthLinlgs --- Click here to rapidly navigate through this document Filed Pursuant to Rule 424(b)(2) Registration No 33367082 Prospectus Supplement to Prospectus dated March 29, 200i 1. 5,000,000 Shares CORNING mommies Mord lmglfwfior. Corning Incorporated 7.00% Series C Mandatory Convertible Preferred Stock We will pay annual dividends on each share of our Series C preferred stock in the amount of'$7 ‘00, Dividends will be cumulative fiom the date of issuance and will be paid approximately 46 days following the end of each calendar quarter. The first dividend payment date will be November 16, 2002 The liquidation preference is $100 per share of‘our' Series C preferred stock, plus accrued and unpaid dividends At the time we issue our Series C preferred stock, we will declare all dividends that will be payable fi'om issuance through the mandatory conversion date, which is August 16, 2005 We will evidence our obligation to pay these dividends through the issuance of a promissory note, and we will use a portion of the proceeds from the sale of our Series C preferred stock to purchase UHS. treasury securities that we will pledge as collateral to secure the payments on the promissory note evidencing our obligation to pay dividends on our Series C preferred stock On the mandatory conversion date, each share of‘our Series C preferred stock will automatically convert, subject to adjustments described in this prospectus supplement, into between 50,813 and 62 500 shares of our common stock, depending on the then current market price of our common stock. At any time prior to the mandatory conversion date, holders may elect to convert each of their shares of our Series C preferred stock, into 50.813 shares of our common stock plus an amount of cash equal to the market value at that time of‘the pro rata share of the collateral portfolio that secures the promissory note evidencing the future dividends otherwise payable to the mandatory conversion date on the converted shares ofour Series C preferred stock Prior to this offering, there has been no public market for our Series C preferred stock. Our common stock is listed on the New YorkVStock Exchange under the symbol "GLW." On July 31, 2002, the last reported sale price for our common stock was W per share, See ”Risk Foe-tors ” beginning on page 3-9 to read about certain factors you should consider before buying our Series C' preferred stock. W Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement. Any representation to the contrary is a criminal offense. Per Share Total Initial price to public $ 100.00 $ 500,000,000 $ 3.00 $ 15,000,000 Underwriting discount http://cfdocs.bbwebdsbloombergcornz27638/pub/edgar/2002/08/02/000091205'7-02—029 .‘ 10/12/2006 ged‘ [4%ij Mmountehfl‘lflk BUS Corning Announces Plan for Public Offering of Mandatory Jul 29 2002 16:34 Convertible Preferred Stock Business Editors CORNING, NnYuu-(BUSINESS WIRE)“*July 29, 2002—*Corning Incorporated (NYSEzGLW) today announced that it has commenced a public offering of $500 million of mandatory convertible preferred stock under its existing $5 billion universal shelf registration statement“ The preferred shares are mandatorily convertible into shares of Corning's common stock in August 2005“ The offering is expected to be priced on or about July 31, 2002" The book-running managers are Salomon Smith Barney, JPMorgan and Goldman, Sachs & Co, Net proceeds from the offering will be used as follows: - Approximately $105 million to purchase UNS" Treasury securities that will be pledged as collateral to secure the payment of dividends on the mandatory convertible preferred stock” m To fund capital expenditure, Operating losses, including cash restructuring spending, working capital requirements and general corporate purposes” - Purchase and retire long—term debt securities with a weighted average interest rate of 4% per annum with maturities ranging from 2003 through 2029" This represents a new financing by Corning, This offering is made by means of a prospectus supplement to a prospectus that is part of Corning's universal shelf registration statement previously filed with the UHS, Securities and Exchange Commission and declared effective in March 2001, For a copy of the prOSpectus and prospectus supplement relating to this offering, contact the prospectus department of Salomon Smith Barney, 388 Greenwich Street, New York, NY 10013, Telephone: (718) 765-6732” This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction” About Corning Incorporated Established in 185l, Corning Incorporated (www corning com) creates leading-edge technologies for the fastest-growing markets of Copyright (c) 2006 l of 3 ~ 000 03 0 s a 22:0. 5353 +.00 N 15'» 24.99225 N 23x?5 sun Equity 14::53 00 12:14 001 3,050,000 00 25.02 N Hi 25.2 0 L0 24.05 0 ValTrd 90354550 Historical Z Changea %m IIS CDRNING INC {GLO US] PRICE 24.88 N 0 fifififlflfDZ to F?K30202 Perind 0 Daily 0 Volume 080 DQTE PRICE CHHNGE 2 Change VULUHE CHHNGE 2 Change T 7130102 2,4611w ".68 -21.58 36651800 +25?51300 +286.ZS H ?!28/02 .18‘ +.23 +7.88 10800200 +1480400 +16.84 F Ff26/02 2.82 “.18 -4.26 8608800 +1502400 +18.00 T ?f28/02 3.08 ".26 -?.88 ?80?400 ~20?3?00 -20.?8 H ?f24/02 3.31 +.14 +4.42 8881100 "1880800 -15.88 T ?/23l02 3.1? ”.11 "8.85 118?2000 +2868400 +81.8? M ?/22/02 3.28 -.82 "8.88 8002600 +1082800 +13.24 F ?/18/02 3.60 —.44 . -10.88 ?848?00 +3528000 +?8.?8 T ?/18/02 4.04 “.08 -1.84 4421?00 -4888500 "53.06 H 7/1?f02 4.12 +.12 +8.00 8420200 "1864100 "17.28 T ?/16l02 4.00 +.08 +2.80 11384300 +6616100 +138.?8 M T/ISIUZ 3.81 +.18 +8.11 4768200 "1842300 “2?.8? F ?/12!02 3.72 ".08 -2.11 6610500' -1508800 -1B.S8 T ?/11/02 3.80 +.12 +3.26 8118800 +3508200 +?6.11 8 ?/10f02 3.68 -.0? +1.8? 4610600 -846800 ~10.88 T ?/ 8/02 3.?8 -.08 -1.32 5156800 +1081800 +£6.86 nustf'uliu 51 E 97.77 8609 Brazil 5511 3048 4508 Europe 44 2C! ?330 7500 Germung 49 69 928410 Hong Kong 852 29?? 6000 Japan 81 3 3201 8900 Singupare 55 6212 1000 US 1 212 318 2000 Capyright 20116 Bloomberg LP. 6544—355—1 12-Oct—2006 12= 14 =55 X '3 010315 rate on 1'46”!de «WP annoUflc-erm En’t Cl ._ 1.5 0 7,002 ("+- wa: 0134 Com 4 A ‘5. 570 Comb/fl W131"?! +0 rot/11% [email protected] 9/101 ’1: log a - $107 No Chmw 1:0 .ru/viv'e (£6944 M1: .fells‘vlocHLome') . a a 0 Q) in 400k ‘77; (60.1.0020, 01.000132 00:01.4 2 ”’j C 196K096? Tova (if +7345” 1980le 00110 Lu3§1ck 001 (10111000141 '10 Jhonf COVM'U H .020 0‘0 30w: .0 eve/3 go 0.9 .51‘Dck -"GE£'US 0 S I 2241. 5353 +.08 T N 24.99/25 0 38x29 6H0 Equity 14(3F” “ at 12:15 Vol 3,852,300 0p 25.02 N Hi 25.2 N La 24.85 N ValTrd 95392443 “ Higtarical Z Changes %m 1/5 CDRNING INC (GLO 03] PRICE 24.99 N 0 Periud D Daiig 1 Volume USD CHHNGE X Change VULUfiE CHRNGE Z Change - 8? “35.22 244.8MLN +208.1HLN +56?.89 T ?/30!i . ? FT _.68 -21.53 36661600 +26261300 +236.26 M 2/28/02 3.15 +.23 +7.88 10900200 +1480400 +16.84 F 2f26/02 2.82 -.13 -4.26 8408800 +1502400 +19.00 T 2f26/02 3.05 -.26 -?.86 280?400 —20?3?00 '"20.28 U 2124102 3.31 +.14 +4.42 8381100 ~1830800 ~1S.83 T ?f23/02 3.17 -.11 ”3.35 11822000 +2863400 +31.8? M 2122f02 3.28 _.32 _8.88 3002600 +1062300 +13.24 F ?/18/02 3.60 ~.44 -10.83 T849700 +3628000 +78.?8 T 7/18f02 4.04 “.08 -1.34 4421200 ~4888600 —S3.06 H ?/1?f02 4.12 +.12 +3.00 8420200 "1364100 -1?.26 T 2216/02 4.00 +.08 +2.30 11384300 +6616100 +138.?5 H 2/16/02 3.81 +.18 +5.11 4768200 -1842300 "2?.8? F ?112202 3.?2 - ".08 -2.11 6610500 ~1608300 -18.58 T 2/11/02 3.80 +.12 +3.26 8118800 +3608200 +26.11 N ?/10202 3.68 -.0? :1LE? 4610600 __:§46300 -10.69 Rustralin 61 2 97?? 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Germany 49 59 923410 Hang Kama 852 29?? 6000 Japan 81 3 3201 3900 Singapore 65 6212 1000 U S 1 212 318 2000 Copgright 20116 Eloumberg L.P. GE44“355“1 19-Oct-2006 12:15:24 ‘7/qfiloib 5th W "to [40:16 “Her Q “4435 6:.ka Monday M. 1;)!» Marlee}? T’WF‘W’T very Qarj To 3,?) 34091:- (borrow!) in 52.002. $WP€[email protected] 1:6 FDA $140136 b01413 bflfiaukfi‘g J—SC, 1185" “0 Offl'llo’l O'P'S1— 31%:5 1'0 0 0091 04 kolclmj c1180? 51021: 51/10/12 Vt’flj 1451. ...
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