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To: Dealer who wrote (28122)	8/7/2000 10:08:22 AM
From: Dealer	Read Replies (1) of 35685

QCOM--Monday August 7 9:24 AM ET ChipPAC Cuts IPO to 10 Million Shares WASHINGTON (Reuters) - ChipPAC Inc. on Monday lowered the terms of its initial public offering to 10 million shares of Class A common stock in a projected price range of $13 to $15 per share. Its previous IPO terms, set in July, were 15.5 million shares in a range of $20 to $22 a share. The semiconductor packager said in an amended prospectus filed with the Securities and Exchange Commission that it now expects to net about $125.5 million, less than half the $295.5 amount it previously expected to raise. In addition, it increased the shares it will sell to Qualcomm Inc. (NasdaqNM:QCOM - news) to about 1.9 million from 1.3 million, and expects to raise another $25 million from the private placement sale. The Santa Clara, Calif.-based company, which has applied for a Nasdaq listing under the symbol ``CHPC.O'' (NasdaqNM:CHPC - news), has granted its underwriters, led by Credit Suisse First Boston, the option to buy 1.5 million extra shares in the event of heavy demand.

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