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	<title>Stock Blog Hub &#187; Conexant Systems Inc.</title>
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		<title>(CNXT) Conexant Systems&#8217; Announces Refinancing Plan</title>
		<link>http://www.stockbloghub.com/2010/03/04/cnxt-conexant-systems-announces-refinancing-plan/29788</link>
		<comments>http://www.stockbloghub.com/2010/03/04/cnxt-conexant-systems-announces-refinancing-plan/29788#comments</comments>
		<pubDate>Fri, 05 Mar 2010 00:19:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>

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		<description><![CDATA[Conexant Systems, Inc. (CNXT) announced a comprehensive refinancing plan designed to improve its balance sheet and address its liquidity needs. Conexant is offering new 11.25% senior secured notes due 2015 aggregating $175 million. The company is also offering approximately 14 million shares of its common stock. Management expects that this plan will provide sufficient financial flexibility to refinance its outstanding 4% convertible subordinated notes due 2026. The proceeds from these offerings along with the available cash will be used to repay the existing convertible subordinated notes of $232 million, which carry an option for bondholders to ask for repayment in March 2011. Holders of convertible subordinated notes will be offered par value in cash. The tender offer will be contingent upon the successful completion of the new debt and equity ]]></description>
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		<title>(CNXT) Conexant Tops Earnings Expectations</title>
		<link>http://www.stockbloghub.com/2010/01/23/cnxt-conexant-tops-earnings-expectations/25777</link>
		<comments>http://www.stockbloghub.com/2010/01/23/cnxt-conexant-tops-earnings-expectations/25777#comments</comments>
		<pubDate>Sat, 23 Jan 2010 21:24:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>

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		<description><![CDATA[Conexant (CNXT) recently reported revenues of $61.8 million, up 10% year over year. Gross margin came in at 61%, up from 60.2% in the previous quarter and better than management’s expectation of 60%. Operating margin came in at 22%. Earnings per share came in at 17 cents beating the Zacks Consensus Estimate of 10 cents and management’s expectations of 11 cents. Conexant ended the quarter with $59.1 million in cash and cash equivalents, compared to $125.4 million in the previous quarter. During the quarter, Conexant used approximately $62 million to retire senior secured notes due in November 2010. Conexant also exchanged equity for $17.6 million of convertible notes and established a new accounts receivable credit facility worth $15 million. Conexant earlier announced that it will sell up to $100 million ]]></description>
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		<title>(CNXT) Conexant Systems Files Shelf Registration With SEC</title>
		<link>http://www.stockbloghub.com/2010/01/20/cnxt-conexant-systems-files-shelf-registration-with-sec/25390</link>
		<comments>http://www.stockbloghub.com/2010/01/20/cnxt-conexant-systems-files-shelf-registration-with-sec/25390#comments</comments>
		<pubDate>Wed, 20 Jan 2010 18:45:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>

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		<description><![CDATA[Conexant Systems Inc. (CNXT) has recently announced the filing of a universal shelf registration statement with the Securities and Exchange Commission (SEC). Once the shelf registration statement gets declared, Conexant will have the option to offer and sell up to $100 million of common stock, preferred stock and debt securities. The company intends to use the net proceeds from the sale of securities under the shelf registration statement for general corporate purposes, which includes the repaying, redeeming or repurchasing existing debt, and also for working capital requirements, capital expenditures and acquisitions. In December, Conexant completed the redemption of $61.4 million of outstanding aggregate principal amount of its floating rate senior secured notes due in November 2010. The total aggregate redemption amount paid was $62.3 million Incorporatedluding accrued interest. The company ]]></description>
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		<title>(CNXT) Conexant Systems Completes Debt Redemption</title>
		<link>http://www.stockbloghub.com/2009/12/27/cnxt-conexant-systems-completes-debt-redemption/23607</link>
		<comments>http://www.stockbloghub.com/2009/12/27/cnxt-conexant-systems-completes-debt-redemption/23607#comments</comments>
		<pubDate>Sun, 27 Dec 2009 22:49:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23607</guid>
		<description><![CDATA[Conexant Systems, Inc. (CNXT) recently announced that it has completed the previously announced planned redemption of the remaining $61.4 million of outstanding aggregate principal amount of its floating rate senior secured notes due in November 2010. The total aggregate redemption amount paid was $62.3 million Incorporatedluding accrued interest. The company funded the redemption with cash on hand. Earlier, the company retired an aggregate amount of $80 million of its senior secured notes due in November 2010. Conexant also entered into a new credit facility of $15 million with Silicon Valley Bank through November 30, 2010. The company had earlier raised $21.2 million by offering 8,050,000 shares to the public. As of October 2, 2009, the company had a total debt of $340.0 million and cash and equivalents of $125.4 million. As ]]></description>
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		<title>(CNXT) Conexant Systems Retires Debt</title>
		<link>http://www.stockbloghub.com/2009/12/04/cnxt-conexant-systems-retires-debt/22037</link>
		<comments>http://www.stockbloghub.com/2009/12/04/cnxt-conexant-systems-retires-debt/22037#comments</comments>
		<pubDate>Sat, 05 Dec 2009 01:17:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[ADI]]></category>
		<category><![CDATA[Analog Devices Inc.]]></category>
		<category><![CDATA[BRCM]]></category>
		<category><![CDATA[Broadcom Corporation]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>
		<category><![CDATA[Texas Instruments Inc.]]></category>
		<category><![CDATA[TXN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22037</guid>
		<description><![CDATA[Conexant Systems, Inc. (CNXT) recently announced that it will redeem the remaining $61.4 million of outstanding floating rate senior secured notes due in November 2010 on Dec18, 2009. Earlier, the company retired an aggregate amount of $80 million of its senior secured notes due in November 2010. The notes will be redeemed at a cash redemption price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest to the redemption date. Management plans to use the cash balance on the balance sheet to fund the redemption of debt and strengthen its capital structure. The company had earlier raised $21.2 million by offering 8,050,000 shares to the public. As a result of this retirement of debt, Conexant will reduce its annual interest burden by more than ]]></description>
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		<title>(CNXT) Conexant Systems Completes Stock Offering</title>
		<link>http://www.stockbloghub.com/2009/10/20/cnxt-conexant-systems-completes-stock-offering/18153</link>
		<comments>http://www.stockbloghub.com/2009/10/20/cnxt-conexant-systems-completes-stock-offering/18153#comments</comments>
		<pubDate>Tue, 20 Oct 2009 20:12:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[ADI]]></category>
		<category><![CDATA[Analog Devices Inc.]]></category>
		<category><![CDATA[BRCM]]></category>
		<category><![CDATA[Broadcom Corporation]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>
		<category><![CDATA[Texas Instruments Inc.]]></category>
		<category><![CDATA[TXN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18153</guid>
		<description><![CDATA[Conexant Systems Inc. (CNXT) recently announced that Oppenheimer &#38; Co. Inc, the underwriter for its recently concluded public offering of 7,000,000 shares, exercised its option to purchase an additional 1,050,000 shares. As a result of this exercise, Conexant was able to sell a total of 8,050,000 shares at a price of $2.85 per share. After deducting the underwriting discount and estimated offering expenses, Conexant received approximately $21.2 million from the allotment of the shares. Conexant had earlier granted Oppenheimer &#38; Co a 30-day option to purchase up to 1,050,000 additional shares to cover over-allotments. Conexant intends to use the net proceeds from the offering for general corporate purposes. Management has stated that the company will use all proceeds to strengthen its balance sheet by retiring debt. Conexant had already announced ]]></description>
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		<title>(CNXT) Conexant Divests from Broadband</title>
		<link>http://www.stockbloghub.com/2009/08/26/cnxt-conexant-divests-from-broadband/13425</link>
		<comments>http://www.stockbloghub.com/2009/08/26/cnxt-conexant-divests-from-broadband/13425#comments</comments>
		<pubDate>Wed, 26 Aug 2009 15:21:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[ADI]]></category>
		<category><![CDATA[Analog Devices Inc.]]></category>
		<category><![CDATA[BRCM]]></category>
		<category><![CDATA[Broadcom Corp.]]></category>
		<category><![CDATA[CNXT]]></category>
		<category><![CDATA[Conexant Systems Inc.]]></category>
		<category><![CDATA[Texas Instruments Inc.]]></category>
		<category><![CDATA[TXN]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13425</guid>
		<description><![CDATA[Conexant Systems Inc. (CNXT) recently completed the sale of its Broadband Access product lines to Ikanos Communications Inc. for $54 million. Conexant received about $47 million in cash, while the remaining payment is subject to an escrow to be released in one year. The company expects to record a gain of approximately $35 million in the current quarter from the sale. With the sale of its broadband access business, the company completed a major part of its restructuring and now plans to concentrate solely on providing solutions for imaging, audio, video and various embedded-modem applications. Management said that the company will use all proceeds to strengthen its balance sheet by retiring debt. Conexant had already announced plans to retire $80 million aggregate principal amount of floating rate senior secured notes ]]></description>
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