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Technology Stocks : International Rectifier (IRF) -- Ignore unavailable to you. Want to Upgrade?

To: James Yu who wrote (1456)	2/14/2000 6:23:00 PM
From: AL Benz	Read Replies (2) \| Respond to of 1712

James Yu: Is that $55.00/sh after the 8mm public offering? Anyone have a take on the 3+ drop today "before the 4:52 pm annoucement of the possible public offering?" Is there "STILL" inside information on IRF that we don't have???? Marvin, Dan, Doc??? Help! Do we bail out tomorrow at 9:30? Stay tuned See ya Al

To: James Yu who wrote (1456)	2/15/2000 10:51:00 AM
From: John Miz	Respond to of 1712

USE OF PROCEEDS We will receive estimated net proceeds of approximately $287 million from the sale of shares of common stock in this offering, after deducting underwriting discounts and estimated offering expenses, and assuming a public offering price of $39 13/16 per share. We expect to use the net proceeds of this offering to: - repay all of the indebtedness outstanding under our secured credit agreement (approximately $152 million); and - provide funds for general corporate purposes, including capital expenditures and possible acquisitions. Indebtedness under our secured credit agreement accrues interest at variable rates and must be repaid in full in 2004 and 2005. At December 31, 1999, the weighted average interest rate on secured credit agreement borrowings was 9.5%. We intend to terminate the secured credit agreement after this offering. Pending use of the net proceeds as described above, we will invest the net proceeds in investment grade, marketable securities.