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HolidayBuyer's Guide
Tech Industry

Short Take: Network Associates files shelf registration

Network Associates filed a shelf registration with the SEC for up to $885.5 million in zero coupon convertible subordinated debentures due 2018. The debentures are convertible into Network Associates' stock at a rate of about 5.692 shares for every $1,000 in debentures. The company said it will not receive any of the proceeds from the sale by the security holders of the debentures or the conversion shares.

Network Associates filed a shelf registration with the SEC for up to $885.5 million in zero coupon convertible subordinated debentures due 2018. The debentures are convertible into Network Associates' stock at a rate of about 5.692 shares for every $1,000 in debentures. The company said it will not receive any of the proceeds from the sale by the security holders of the debentures or the conversion shares.