WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.41

-0.3%

2:07 PM EST

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To: Craig Freeman who wrote (15214)	9/30/2000 12:57:08 PM
From: Ron C	Read Replies (2) of 60323

OT: SST Announces Public Offering of Common Stock and Convertible Debt nasdaq.com SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 29, 2000--SST (Silicon Storage Technology, Inc.) (Nasdaq:SSTI) today announced that it has filed two registration statements with the Securities and Exchange Commission for proposed concurrent public offerings of common stock and convertible debt. The company proposes to offer 5,000,000 shares of it's common stock to the public, not including up to approximately 750,000 shares issuable upon exercise of the underwriters' over-allotment option. The company further proposes to offer $150 million of convertible subordinated notes that will be due 2005, not including up to $22.5 million of notes issuable upon exercise of the underwriters' over-allotment option. Both offerings will be lead-managed by Credit Suisse First Boston and co-managed by Chase H&Q.

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