Convertibles Calendar

ON THE HORIZON

ADVANCED SEMICONDUCTOR ENGINEERING INC.: (Symbol: ASX): $135 million of five-year convertible notes, with a $15 million greenshoe; via lead manager Goldman Sachs International; the Taiwanese semiconductor testing firm also plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each; timing will be as soon as the registration statement at the Securities and Exchange Commission becomes effective.

PNM RESOURCES INC. (Symbol: PNM): $200 million of equity-linked securities as part of financing package for $1.024 billion acquisition of TNP Enterprises Inc.; timing to coincide with acquisition closing 9 to 12 months from announcement on July 25; letter of intent obtained for the purchase of $100 million of the equity-linked securities from an existing shareholder; Albuquerque, N.M., electric utility also plans to issue $250 million of common equity, of which $95 million will go to TNP Enterprises shareholders, and place $100 million of long-term senior notes; expected ratings BBB/Baa2.

SYMBOL TECHNOLOGIES INC. (Symbol: SBL): Symbol Technologies Inc. plans capital markets equity or equity-linked transaction later this year to fund $230 million acquisition of privately-held Matrics Inc., purchase to be financed with short-term borrowings under a new bank credit facility, via JPMorgan Securities, then a capital markets transaction later as market conditions permitting; the acquisition is expected to close in third quarter.

RECENT SHELF FILINGS WITH THE SEC:

AMERICAN EXPRESS CO. (Symbol: AXP): $4.33 billion shelf filed July 30 for debt securities, preferred shares, depositary shares, common shares and warrants; securities may be issued as convertibles; includes $1.3 billion previously registered but unsold; New York travel, financial and banking services company will use proceeds for general corporate purposes.

AUDIOCODES LTD. (Symbol: AUDC): $150 million shelf filed July 28 for ordinary shares and debt securities; debt may be issued as convertibles; Lod, Israel telecommunications equipment company will use proceeds for general corporate purposes.

BRISTOL-MYERS SQUIBB CO. (Symbol: BMY): $2.5 billion shelf filed July 30 for debt securities, preferred stock, depositary shares, common stock and warrants; securities may be issued as convertibles; New York pharmaceutical company will use proceeds for general corporate purposes.

COMMUNITY HEALTH SYSTEMS, INC. (Symbol: CYH): $1 billion shelf filed July 27 for common stock, convertible debt securities; Brentwood, Tenn. hospital operator will use proceeds for general corporate purposes.

JPMORGAN CHASE & CO. (Symbol: JPM): $30 billion shelf filed July 30 for debt securities, warrants, preferred stock, depositary shares and common stock; securities may be issued as convertibles; includes $20.1 billion previously registered but unsold; New York financial holding company will use proceeds for general corporate purposes.

MORGAN STANLEY (Symbol: MWD): $1 billion shelf filed July 29 for debt securities, units, warrants, purchase contracts, preferred stock, common stock and capital securities; securities may be issued as convertibles; New York financial service firm will use proceeds for general corporate purposes.

SAFEWAY INC. (Symbol: SWY): $2 billion shelf filed July 27 for debt securities and common stock; debt may be issued as convertibles; Pleasanton, Calif. food and drug retailer will use proceeds for general corporate purposes.

WESTERN WIRELESS CORP. (Symbol: WWCA): $500 million shelf filed July 30 for class A common stock, preferred stock and debt securities; securities may be issued as convertibles; includes $70.2 million previously registered but unsold; Bellevue, Wash. wireless phone company will use proceeds for general corporate purposes.

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