SMX's $250 Million Capital Commitment Is About Time, Not Dilution

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Structured Products TIERS 2003-07 S&P 500 Index due 4/28/08 (NASDAQ: SMX) Delayed: 1.68 -0.07 (4%)
Previous Close $1.75    52 Week High $14.18 
Open $1.75    52 Week Low $14.18 
Day High $1.76    P/E N/A 
Day Low $1.65    EPS $0.00 
Volume 96,275