General Instrument Corp set a price of $34.375 for its offer of 15m shares, all of which came from affiliates of buyout merchants Forstmann Little & Co and current and former directors of the company. Lead manager for the offer was Goldman Sachs & Co.
S3 Inc, developing graphics and video accelerator chips in Santa Clara has filed with the US Securities & Exchange Commission to offer 3.1m shares, 3m of them new, and plans to use the indicated $57m or so net proceeds for working capital, including potential investments in or advances to foundries to secure additional capacity; no underwriters named.
VideoServer Inc, supplying networking equipment and associated software used to create multimedia conferences that connect multiple users over wide area networks so that they can interact as a group from its base in Lexington, Massachusetts, has filed to go public with an initial offer of 2.57m shares, 2m of them new, at a target price of $11 to $13 a share. Plans for the $20m or so net proceeds were not given. Goldman, Sachs & Co and Robertson, Stephens & Company will jointly manage the offer.
