To: LK2 who wrote (3334 ) 5/13/1998 10:41:00 PM From: LK2 Respond to of 9256
Lawrence Kam, you said a while back you wished you could have gotten the WDC convertible bonds (on the same terms that WDC sold them). I don't know what the sale price will be, but it looks like the bonds might be available for public purchase. >>>>>>>>>>>>>>>>>> Tuesday May 12, 5:01 pm Eastern Time Company Press Release SOURCE: Western Digital Corporation Western Digital Announces Filing of Registration Statement for Convertible Subordinated Debentures IRVINE, Calif., May 12 /PRNewswire/ -- Western Digital Corporation (NYSE: WDC - news) announced today that it has filed with the Securities and Exchange Commission a registration statement relating to the resale by holders of its $1,297,200,000 aggregate principal amount at maturity Zero Coupon Convertible Subordinated Debentures due 2018 and the shares of common stock issuable upon conversion thereof. The debentures were originally issued by the company in a private placement on February 18, 1998 to certain qualified institutional investors in transactions exempt from registration under the Securities Act of 1933, as amended, and the registration statement is required under the terms of that issuance. The registration statement is subject to completion and amendment and relates only to offers and sales of the debentures and shares of common stock issuable upon exercise thereof by holders thereof. Western Digital Corporation will not receive any of the proceeds of such sales The registration statement filed with the Securities and Exchange Commission relating to these securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. A copy of the prospectus filed as part of the registration statement may be obtained from Investor Relations, Western Digital Corporation, 8105 Irvine Center Drive, Irvine, California 92618, (949) 932-5000. SOURCE: Western Digital Corporation Copyright c 1998 PRNewswire. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<