Zeev, here is the news release from yesterday on the TFS new issue. I got out at 61, it was dropping too fast on high volume for me.
Steve
Three-Five Systems Offers 2,150,000 Shares of Common Stock at $55 Per
Share
TEMPE, Ariz., May 26, 2000 /PRNewswire via COMTEX/ -- Three-Five Systems, Inc.
(NYSE: TFS) announced today the public offering of 2,150,000 shares of common
stock at $55 per share. All of the common stock offered is being sold by the
company. The shares are offered through underwriters led by Banc of America
Securities LLC, Needham & Company, Inc, ING Barings, and J.C. Bradford & Co. The
underwriters have an option to purchase up to an additional 322,500 shares of
common stock from the company solely to cover over-allotments. Three-Five
Systems intends to use the net proceeds from its sale of shares in the offering
to increase its manufacturing capacity through the expansion of facilities and
the acquisition of equipment; to fund the continued development of its LCoS(TM)
microdisplay technology and to develop new display or display-related
technologies; and to provide additional working capital to finance the expansion
of its business.
Copies of the final prospectus relating to the offering may be obtained from the
offices of Banc of America Securities LLC, 600 Montgomery St., San Francisco, CA
94111, 415/627-2000, Needham & Company, Inc., 445 Park Avenue, New York, NY
10022, 212/371-8300, ING Barings, 55 East 52nd Street, New York, NY 10055,
212/409-7373, J.C. Bradford & Co., 330 Commerce Street, Nashville, TN 37201,
615/748-9671.
Three-Five Systems, Inc. is a recognized leader in the design and manufacture of
liquid crystal display (LCD) modules and technology for OEM customers in
wireless communications and data collection, medical electronics, and other
commercial and consumer device marketplaces. The company has developed
proprietary LCD products, such as LCiD(R), a sunlight readable display. In
addition to traditional LCDs, the company is developing other display
technologies such as LCoS(TM) (Liquid Crystal on Silicon) microdisplays, tiny,
high resolution, low power displays designed for new markets such as HDTV,
business projectors and wireless Internet appliances. At its Tempe, Arizona
headquarters, Three-Five operates the highest volume LCD manufacturing line in
North America and houses the David R. Buchanan LCD laboratory, dedicated to the
development of advanced display technologies.
SOURCE Three-Five Systems, Inc.
CONTACT: Elizabeth A. Sharp, Vice President Corporate Relations of
Three-Five Systems, Inc., 602-389-8837; or General Inquiries, Paul Goodson,
Financial Relations Board,
310-442-0599
URL: threefive.com
prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
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KEYWORD: Arizona
California
Tennessee
New York
INDUSTRY KEYWORD: CPR
SUBJECT CODE: OFR |
