Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Solectron -- Ignore unavailable to you. Want to Upgrade?

To: leslie wray mackenzie who wrote (281)	1/13/1999 6:33:00 PM
From: Jim Burnham	Read Replies (1) \| Respond to of 493

Solectron to split stock 2-for-1,issue notes MILPITAS, Calif., Jan. 13 (Reuters) - Solectron Corp. said on Wednesday its board of directors has declared a 2-for-1 stock split, and added that it plans to raise about $500 million by issuing notes. The split will be effected on February 24 as a stock dividend of one share of common stock for every one share of held for shareholders of record on February 10. The company also said it plans to raise about $500 million through an offering of convertible senior notes to qualified institutional investors. Proceeds will be used for general corporate purposes, including capital expenditures and to meet working capital needs. Some of the net proceeds also may be used to acquire or invest in complementary businesses or products or to obtain the right to complementary technologies. Wednesday January 13, 5:39 pm Eastern Time