Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Lucinos who wrote (19604)	8/4/1999 6:35:00 PM
From: Paul Lee	Read Replies (1) \| Respond to of 25814

LSI Logic Corporation Amends Registration Statement MILPITAS, Calif., Aug. 4 /PRNewswire/ -- LSI Logic Corporation (NYSE: LSI) today announced it will be amending its current registration statement to cover up to $600 million aggregate amount of debt and equity securities, which may be offered from time to time by LSI Logic over the next 24 months. The Company has decided not to proceed with its plans for a current underwritten offering of up to $287 million of convertible subordinated debt and up to 5,750,000 shares of common stock, as described in its recently filed registration statement. "Current financial market conditions, especially when contrasted with our improving business fundamentals, make an offering unattractive at this time," said Wilfred J. Corrigan, LSI Logic chairman and chief executive officer. He also added, "The amended registration statement is intended to enhance LSI Logic's flexibility for meeting future capital needs."