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Technology Stocks : SILICON STORAGE SSTI Flash Mem
SSTI 7.755-2.3%Dec 17 3:59 PM EST

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To: Rich who started this subject10/8/2000 8:38:58 PM
From: docpaul  Read Replies (1) of 1881
 
Amendments to the recent S3 filings..

Important stuff was amended..

freeedgar.com

freeedgar.com

One the convertible, a new Insititution is involved: Lehman Brothers.. <G>

On the secondary offering, two new Institutions are involved: Lehman Brothers, and CE Unterberg, Towbin.

This to me is fantastic news.. four MMs beating the drums! Notice how SSB haven't been included this time around.. <G>

In addition, some key stuff:


The net proceeds we will receive from the sale of 5,000,000 shares of common
stock in this offering will be approximately $118.3 million, or $136.2 million
if the underwriters' over-allotment option is exercised in full, at an assumed
public offering price of $25.1875 and 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.


Speaks for itself, I imagine.. :)

We'll be off here soon enough.. hang onto your seat!

all the best, docpaul
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