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To: Ausdauer who wrote (7527)	10/13/1999 10:12:00 AM
From: Ron C	Read Replies (1) \| Respond to of 60323

Aus,Thread: 10-12-99 <<http://www.steves-digicams.com/diginews.html>> Lexar Media Completes $30 Million Equity Financing Led by GE Capital FREMONT, Calif.--Oct. 12, 1999-- Lexar Media, a leading supplier of High Performance Digital Film(TM), today announced it has completed a $30 million private placement of convertible preferred stock. Lexar's private investment financing comes from major investment firms that include GE Equity, Van Wagoner Capital Management, Sun America Equity and St. Paul Ventures. SG Cowen Securities Corporation spearheaded Lexar's fundraising efforts as its sole placement agent. "This funding is a strong endorsement of our successful business strategy to provide high speed, large capacity and easy to use digital film products for the fast growing digital camera market," said John Reimer, President and CEO of Lexar Media. "The overwhelming interest shown by premier investment firms has allowed us to increase this round of funding from $20M to $30M so we can accelerate our plans to take advantage of additional market opportunities." ________________________________________________________ Any thoughts as to this in light of the impending suit? Ron