I got 2 email messages from DLJDirect today, first:
Dear DLJdirect Investor,
We are writing to advise you that
APPLIED MAGNETICS HAS ISSUED ONE TRANSFERABLE RIGHT FOR EVERY COMMON SHARE HELD ON RECORD DATE 8/12/99.
AS AN ALTERNATIVE TO SUBSCRIBING RIGHTS, HOLDERS MAY REQUEST SELL OF RIGHTS
THROUGH AGENT.
THE AGENT WILL CONSIDER ALL SALES REQUESTS TOGETHER AND WILL BE EFFECTED AT THE WEIGHTED AVERAGE SALE PRICE OF ALL RIGHTS SOLD BY THE AGENT, LESS THE PRORATA PORTION OF ANY APPLICABLE BROKERAGE COMMISSIONS, TAXES AND OTHER EXPENSES.THE AGENT CANNOT ENSURE THAT A MARKET WILL DEVELOP FOR THE RIGHTS OR THAT IT WILL BE ABLE TO SELL ANY RIGHTS. ALL SALES ORDERS WILL BE TREATED ON A PRORATA BASIS WITHOUT REGARD TO ACTUAL DATE SUBMITTED.
This offering is due to expire on 08/31/99. If you wish to participate, your instructions must be received by 1:00 PM on 08/30/99. Any instructions received after that time will be entered on a "best efforts" basis.
Please contact us immediately by messaging us online by sending an email from within your DLJdirect account or by calling 1 800 825-5723 to let us know whether or not you wish to participate, or for additional information about this issue.
Sincerely,
Joseph P. Diaz
Assistant Vice-President
DLJdirect
Then:
Dear DLJdirect Investor,
We are writing to advise you that
APPLIED MAGNETICS HAS ISSUED ONE TRANSFERABLE RIGHT FOR EVERY COMMON SHARE HELD ON RECORD DATE 8/12/99. ONE RIGHT ENTITLES THE HOLDER TO PURCHASE ONE SHARE OF COMMON STOCK AT THE SUBSCRIPTION PRICE OF $1.00 PER SHARE.
RECORD DATE HOLDERS WHO FULLY SUBSCRIBE ALL THEIR RIGHTS MAY ACQUIRE ADDI-
TIONAL SHARES AT THE SUBSCRIPTION PRICE OF $0.85 (A 15% DISCOUNT TO THE
BASIC SUBSCRIPTION) PER SHARE, SUBJECT TO PRORATION, PURSUANT TO THE
OVERSUBSCRIPTION PRIVILEGE. HOLDERS OF THE RIGHTS WHO WERE NOT RECORD DATE
HOLDERS ON 8/12/99 MAY PURCHASE AT $1.00 PER SHARE, ADDITIONAL SHARES NOT
PURCHASED BY OTHER STOCKHOLDERS, SUBJECT TO PRORATION, PURSUANT TO THE
OVERSUBSCRIPTION. HOLDER MAY ALSO SELL THEIR RIGHTS.
This offering is due to expire on 09/02/99. If you wish to participate, your instructions must be received by 1:00 PM on 09/10/99. Any instructions received after that time will be entered on a "best efforts" basis.
PLEASE BE ADVISED THAT FUNDS REQUIRED EFFECT YOUR TRANSACTION MUST BE AVAILABLE IN YOUR ACCOUNT BEFORE INSTRUCTIONS WILL BE ENTERED.
Please contact us immediately by messaging us online by sending an email from within your DLJdirect account or by calling 1 800 825-5723 to let us know whether or not you wish to participate, or for additional information about this issue.
Sincerely,
Joseph P. Diaz
Assistant Vice-President
DLJdirect |
