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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 6.240

+1.5%

Nov 24 3:59 PM EST

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To: Sam who wrote (980)	9/30/2000 8:46:32 PM
From: Sam	Read Replies (1) of 1881

Well, here is what they themselves say they think they will use the money for. No need for us to speculate. USE OF PROCEEDS The net proceeds we will receive from the sale of the convertible subordinated notes in this offering will be approximately $144.5 million, or $166.3 million if the underwriters' over-allotment option is exercised in full, after deducting estimated underwriting discounts and commissions and estimated offering expenses. We intend to use the proceeds of this offering primarily for working capital and general corporate purposes. In addition, we may use a portion of the net proceeds to acquire businesses or technologies. We are currently investigating arrangements that could provide us with additional long-term wafer production capacity. These arrangements could involve the formation of joint ventures with leading technology companies. Such arrangements would likely involve a substantial capital commitment by us. No agreements or understandings are presently in effect with respect to these arrangements. Pending such uses, we expect to invest the net proceeds in short-term, interest-bearing, investment grade securities.

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