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Technology Stocks : Semi Equipment-Sell when they're singing in the streets -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (25)	3/3/2000 2:12:00 PM
From: geoffrey Wren	Respond to of 276

Another tech secondary. Not exactly chipmakers, or chips, but highly related to the new chips. Wednesday March 1, 6:59 pm Eastern Time REMEC and holder file to sell 3.75 mln shares WASHINGTON, March 1 (Reuters) - REMEC Inc. (NasdaqNM:REMC - news) plan to sell 3.5 million shares and one of its stockholders plan to sell 250,000 shares, according to a registration statement filed with the Securities and Exchange Commission Wednesday. The company said it would net about $122.2 million from the sale of its shares which will be used to fund working capital, including spending to increase production capacity, expand marketing and research and development. It will not receive any of the proceeds from the selling stockholder. After the offering there will be about 28.9 million shares outstanding in the company, which designs and manufactures microwave multifunction modules for microwave transmission systems used in the commercial wireless telecommunications market and defense applications. The underwriters, led by Needham & Co. Inc., have been granted the option to purchase an extra 562,500 shares in the event of heavy demand. Shares in the San Diego-based company closed up 1/2 to 37-3/8 on Nasdaq.