SAN JOSE, Calif., Sept. 3 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI)
announced today that it has filed a preliminary prospectus supplement with the
Securities and Exchange Commission relating to the proposed offering of
2,950,000 shares of Common Stock. All of the shares offered will be sold by
the Company. The Company will also grant the underwriters an option to
purchase an additional 442,500 shares to cover over-allotments, if any. The
shares are being offered under a shelf registration statement that has been
declared effective by the Securities and Exchange Commission.
The shares will be offered by an underwriting group led by CIBC World
Markets and co-managed by Hambrecht & Quist, Donaldson Lufkin & Jenrette,
Merrill Lynch & Co., SG Cowen and SoundView Technology Group.
The net proceeds of the offering will be used for general corporate
purposes including capital expenditures and working capital.
SDL's products power the transmission of data, voice and Internet
information over fiber optic networks to meet the needs of telecommunications,
dense wavelength division multiplexing (DWDM), cable television and satellite
communications applications. They enable customers to meet the bandwidth
needs of increasing Internet, data, video and voice traffic by expanding their
fiber optic communications networks much more quickly and efficiently than
would be possible using conventional electronic and optical technologies.
SDL's optical products also serve a variety of non-communications
applications, including materials processing and printing. Additional
information about SDL, Inc. is available on the Internet at http://www.sdli.com .
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
any such state.
SOURCE SDL, Inc.
 back to top
Related links:
http://www.sdli.com
CONTACT:
Donald R. Scifres, Chairman and CEO, or
Michael L. Foster, VP Finance and CFO, both of SDL, Inc.,
408-943-9411; or General, Lisa Horn Chainey, Investor, Kristi
Larson, or Media, Scott Marx, all of The Financial Relations
Board, 415-986-1591
|
