this post was submitted on 10 Feb 2026
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The last company to do this iirc was Motorola in 1997. You can buy them on the secondary market now for about 80 cents.
80 cents for how much initial value?
They're actually around 80 bucks, versus an initial value of a cool hundo. But they also pay out like a 5% coupon rate annually, so if you had bought them in '97 you'd be slightly beating inflation.
So those are associated with Motorola Solutions now, or did the debt move to Lenovo?
Yeah, the debt belongs to Motorola Solutions now. Although it would have been very funny if they somehow stuck Lenovo with it.