Spectrian Corporation (NASDAQ:SPCT) today announced
the sale of 2,000,000 shares of common stock by the Company at $45.00 per share. The underwriters of the offering were
Morgan Stanley Dean Witter, Lehman Brothers Inc. and Oppenheimer & Co., Inc. The Company has also granted the
underwriters an option to purchase up to an additional 300,000 shares to cover over-allotments, if any.
Spectrian, whose stock is traded on the Nasdaq National Market, will have approximately 10,350,000 common shares
outstanding after the offering assuming no exercise of the over-allotment option. A copy of the prospectus relating to the
offering may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, 14th Floor, New York, NY 10036.
Spectrian is the leading independent supplier of ultralinear, high power RF amplifiers to wireless communication infrastructure
manufacturers and service providers worldwide. As an ISO 9001 quality system certified company, Spectrian designs and
manufactures power amplifiers for use in microcell and macrocell base stations for Cellular, PCS and Wireless Local Loop
networks. Spectrian is located at 350 West Java Drive, Sunnyvale, Calif., 94089. For more information, contact the
Company's Web site at www.spectrian.com or call 408/745-5400. |
