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Post# of 89565
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Wednesday, 11/06/2002 4:27:02 AM

Wednesday, November 06, 2002 4:27:02 AM

Post# of 89565
Did you see the news on CNXT?
Read (especially) the last paragraph. They are getting paid:

WOBURN, Mass.--(BUSINESS WIRE)--Nov. 5, 2002--Skyworks Solutions,
Inc. (Nasdaq: SWKS) today announced that it intends to issue $160
million aggregate principal amount of its convertible subordinated
notes due 2007 in a private placement, subject to market and certain
other conditions.

The notes will be sold only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act. The notes are
unsecured subordinated obligations, convertible into Skyworks common
stock at the option of the holder at a price to be determined and, if
not converted, will be due in November 2007.

Skyworks has granted the initial purchaser of the notes a 30-day
option to purchase an additional $30 million principal amount of the
notes. The placement of the notes is expected to close in November
2002.

Approximately $120 million of the net proceeds of the offering
will be used to prepay, in part, amounts outstanding under Skyworks'
financing agreement with Conexant Systems, Inc. (Nasdaq: CNXT), and
the balance will be used by Skyworks for working capital purposes.


"Using no way as way -
Having no limitation as limitation"

"Using no way as way -
Having no limitation as limitation"

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