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Technology Stocks
VOX

An SI Board Since December 1996

Posts	SubjectMarks	Bans	Symbol
549	5	0	VOX

Emcee: Brenda L. Greer	Type: Unmoderated

Introduction Market Data Compact

This is a very undervauled stock with lots a news coming in near furture.

Audiovox Announces $35.8 Million Net Equity Increase; Bond
Exchange Offer Completed at 63%

HAUPPAUGE, N.Y., Nov. 26 /PRNewswire/ -- Audiovox Corporation (AMEX: VOX) today
announced a net increase in stockholders' equity of approximately $35.8 million as a result of the
successful completion of the Company's Exchange Offer. Approximately $41.2 million of the
Company's $65 million 6-1/4% Convertible Subordinated Debentures due 2001 exchanged for
approximately 6.8 million shares of the Company's Class A Common Stock. As a result of this
transaction, the total number of Class A and Class B Common shares outstanding will be
16,291,303.

As previously reported, the accounting of this exchange results in a non- cash charge of
approximately $24.8 million and a current tax liability of approximately $2.9 million. The Company
indicated that this non-cash charge is offset by an increase in paid in capital.

John J. Shalam, Chairman, President and CEO, stated, "We are pleased that nearly 63% of our
Bondholders responded to the Company's Exchange Offer. We appreciate the bondholders'
confidence in Audiovox and their willingness to become stockholders in our Company. This
increase in the Company's equity will further strengthen our balance sheet and should give us a
solid foundation to continue participation in the growth of the wireless and automotive industries."

Audiovox Corporation markets cellular telephones and accessories, automotive aftermarket sound
and security equipment, as well as other aftermarket automotive accessories.

CONTACT: Michael Stoehr of Audiovox Corporation, 516-231-7750

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
549	To all: See VOXX	MulhollandDrive	-	1/27/2000
548	DJ Hot Stocks To Watch: VOXX MRCY SHP Dow Jones News Service ~ January 25, 200	LBstocks	-	1/25/2000
547	LOL...well gee, everything on my screen is bleeding red today except for good o	MulhollandDrive	-	1/24/2000
546	bp: Is the reason that SI doesnt show the VOXX share price on the page because	Jeff Vayda	-	1/19/2000
545	Yeah, he da man. I had written SI about changing the thread header and getti	MulhollandDrive	-	1/18/2000
544	greg's coattails are a good place to be.	DOUG H	-	1/18/2000
543	heheh, VOXX rocks..... bp	MulhollandDrive	-	1/18/2000
542	Any luck determining the date of the equity offering? <eom>	LBstocks	-	1/14/2000
541	Look at the chart for VOXX!!!! LOL! askresearch.com I pulled up the old tic	DOUG H	-	1/14/2000
540	>>no body passing good information around, I rather give you all my picks	MulhollandDrive	-	1/13/2000
539	voxx watch elon tim is beside himself LOL I'm going to try to hang more aro	Boplicity	-	1/13/2000
538	thnx	DOUG H	-	1/13/2000
537	VOXX	MulhollandDrive	-	1/13/2000
536	What is the correct symbol?	DOUG H	-	1/13/2000
535	move over to the naz and reported blow out earnings. cool... G	Boplicity	-	1/13/2000
534	bp, appreciate the offer. Could you see yourself clear to get Qualcomm back to	Jeff Vayda	-	1/13/2000
533	LOL....ok! I'm more than happy to help you out with your house... Your pr	MulhollandDrive	-	1/13/2000
532	Could 50 cents (next quarter) be the low quarter for fiscal 2000 ? Last 6 quar	upndn	-	1/13/2000
531	Ya'll keep buying, I need the support for my sells! Not that I want to sel	Jeff Vayda	-	1/13/2000
530	You got it LB, I'm buying the breakout..... bp	MulhollandDrive	-	1/13/2000
529	Think about it, Jeff. The high flyers need to take a breather, investors are	MulhollandDrive	-	1/13/2000
528	bp - 60s easy. Numbers released today are very impressive. <eom>	LBstocks	-	1/13/2000
527	bp: if your predictions are right, you are going to make me feel real bad about	Jeff Vayda	-	1/13/2000
526	Some webbrokers seem to have missed the VOX->VOXX change. With TDW, all mor	SBHX	-	1/13/2000
525	Jeff, 36 was the old high and thus a resistance level. I'm impressed with	MulhollandDrive	-	1/13/2000

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