Kulicke & Soffa Industries Inc, Willow Grove, Pennsylvania manufacturer of of semiconductor assembly equipment, has put its proposed public offering of shares on temporary hold pending resolution of a manufacturing problem affecting production of its Model 1488 turbo ball bonders it has just discovered. The company is investigating the problem and says that until the root cause has been identified, can’t say with any certainty whether or not the situation will have a material effect on its financial results for the fiscal first quarter ending next month, so its prospectus could be a false one.
National Semiconductor Corp, Santa Clara has for redemption on December 1 of all outstanding shares of its $32.50 convertible preferred shares. Each depositary share will automatically be converted into 3.5273 share of common stock, equivalent to a conversion price of $14.175 per share. The First National Bank of Boston is handling the conversion.
Netcom On-Line Communication Services Inc, San Jose has filed to offer of 2.5m shares, 1.75m of them new, to raise cash to expand its telecommunications infrastructure. No underwriters were identified.