Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 163.10

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To: Duker who wrote (2864)	5/13/1999 12:27:00 PM
From: Duker	Read Replies (2) of 5867

Conexant raises $350 million to pay loans, secure foundry capacity, buy gear They sound like good reasons to raise $350mm to me! --Duker A service of Semiconductor Business News, CMP Media Inc. Story posted 9:15 a.m. EST/6:15 a.m., PST, 5/13/99 NEWPORT BEACH, Calif.--Conexant Systems Inc. here said it has completed a private offering of $350 million in convertible subordinated notes--about $100 million more than previously announced. The proceeds will be used to repay bank loans, buy additional manufacturing equipment and to make "strategic investments to secure long-term access to advanced silicon fabrication capacity from third parties." The 4.25% convertible subordinated notes are due in 2006 and convertible into common stock at a price of $46.196 per share, subject to adjustment. Conexant--formerly Rockwell Semiconductor Systems before being spun off as separate company earlier this year--had previously announced an offering of $250 million.

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