Off subject just some news.
June 22, 1999 11:33 AM
HILLSBORO, Ore., June 22 (Reuters) - TriQuint Semiconductor Inc on Tuesday said it registered with the U.S. Securities and Exchange Commission to offer just over 3.86 million shares of common stock to the public.
Of the shares being sold, 3.0 million are being offered by the company and 863,314 by Lucent Technologies Inc LU .
In a statement, said underwriters have been granted an option to purchase an additional 579,497 shares to cover over-allotments, if any.
Net proceeds will be used for capital expenditures, working capital and other general corporate purposes, and the company will not receive any proceeds from the sale of Lucent stock.
SG Cowen Securities Corp, Donaldson, Lufkin & Jenrette Securities Corp and other brokerages will act as underwriters.
Triquint shares were off 2-5/8 at 57-3/8 by midday on Nasdaq.
((Los Angeles newsdesk, 213-380-2014, fax 213-622-0056)) REUTERS
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