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

To: Howard Feinstein who wrote (17408)	3/16/1999 5:54:00 PM
From: Paul Lee	Read Replies (1) \| Respond to of 25814

Nice deal, I wonder why it was pushed down for the last 2 days, duhhh!! LSI Logic Corporation Announces Completion of 4 1/4% Convertible Subordinated Notes Offering MILPITAS, Calif., March 16 /PRNewswire/ -- LSI Logic Corporation (NYSE: LSI) today announced the completion of an offering to qualified institutional investors of $300 million principal amount of 4 1/4% Convertible Subordinated Notes due 2004 (which may be increased by up to an additional $45 million pursuant to an over-allotment option). The Notes mature on March 15, 2004 and are convertible into LSI Logic common stock at $31.353 per share, subject to adjustments. The closing of the offering is subject to customary closing conditions. The company stated that it intends to use the net proceeds of the offering to repay a portion of the bank debt incurred to acquire Symbios, Inc. in August 1998.