As Filed Pursuant to Rule 424(b)(3)
Registration No. 333-82399
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED JULY 28, 1999)
$350,000,000
CONEXANT SYSTEMS, INC.
4 1/4% CONVERTIBLE SUBORDINATED NOTES DUE MAY 1, 2006
SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES
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This prospectus supplement relates to the resale by holders of our
4 1/4% Convertible Subordinated Notes Due May 1, 2006 and shares of our common
stock issuable upon the conversion of the notes. This prospectus supplement
should be read in conjunction with the prospectus dated July 28, 1999, which is
to be delivered with this prospectus supplement. All capitalized terms used but
not defined in this prospectus supplement have the meanings given them in the
prospectus.
The information appearing in the table below, as of the date hereof,
supplements and supersedes in part the information in the table appearing under
the heading "Selling Securityholders" in the prospectus:
<TABLE>
<CAPTION>
PRINCIPAL AMOUNT OF
NOTES BENEFICIALLY PERCENTAGE OF COMMON STOCK OWNED
OWNED AND OFFERED NOTES OWNED PRIOR TO COMMON STOCK
NAME HEREBY OUTSTANDING THE OFFERING OFFERED HEREBY
- -------------------------------------- ------------------- ------------- ------------------ --------------
<S> <C> <C> <C> <C>
AIG/National Union Fire
Insurance.......................... $ 960,000 * 20,781 20,781
Aloha Airlines Non-Pilots
Retirement Trust................... 115,000 * 2,489 2,489
Aloha Airlines Pilots Retirement
Trust.............................. 70,000 * 1,515 1,515
Arkansas PERS......................... 1,675,000 * 36,258 36,258
Arkansas Teachers Retirement
System............................. 2,670,000 * 57,797 57,797
Baptist Health of South Florida....... 179,000 * 3,874 3,874
Boston Museum of Fine Arts............ 138,000 * 2,987 2,987
C&H Sugar Company, Inc................ 185,000 * 4,004 4,004
Delaware PERS......................... 1,460,00 * 31,604 31,604
Engineers Joint Pension Fund.......... 373,000 * 8,074 8,074
Forest Global Convertible Fund
Series A5.......................... 1,050,000 * 22,729 22,729
Forest Alternative Strategies
Fund Series A5I.................... 60,000 * 1,298 1,298
Forest Alternative Strategies
Fund Series A5M.................... 20,000 * 432 432
Forest Fulcrum Fund L.P............... 820,000 * 17,750 17,750
Hawaiian Airlines Employees Pension
Plan - IAM......................... 100,000 * 2,164 2,164
Hawaiian Airlines Pension Plans for
Salaried Employees................. 25,000 * 541 541
Hawaiian Airlines Pilots Retirement 155,000 * 3,355 3,355
Plan...............................
ICI American Holdings Trust .......... 635,000 * 13,745 13,745
<PAGE>
Island Holdings....................... 15,000 * 324 324
Kapiolani Medical Center.............. 225,000 * 4,870 4,870
Kentfield Trading, Ltd................ 5,000,000 1.4% 108,234 108,234
LLT LTD % Forest Investment
Management......................... 50,000 * 1,082 1,082
Massachusetts Mutual Life
Insurance Company.................. 1,350,000 * 29,223 29,223
MassMutual Corporate Investors........ 425,000 * 9,199 9,199
MassMutual Corporate Value
Partners Limited................... 750,000 * 16,235 16,235
MassMutual High Yield
Partners II LLC.................... 1,250,000 * 27,058 27,058
MassMutual Participation
Investors.......................... 225,000 * 4,870 4,870
Nalco Chemical Company................ 325,000 * 7,035 7,035
Nicholas-Applegate Convertible
Fund............................... 542,000 * 11,732 11,732
Physicians Life....................... 182,000 * 3,939 3,939
Pilgrim Convertible Fund.............. 2,829,000 * 61,239 61,239
PRIM Board............................ 2,720,000 * 58,879 58,879
Queen's Health Plan................... 40,000 * 865 865
San Diego City Retirement............. 1,048,000 * 22,685 22,685
San Diego County Convertible.......... 2,723,000 * 58,944 58,944
Starvest Combined Portfolio........... 1,325,000 * 28,682 28,682
State of Oregon Equity................ 7,190,000 2.1% 155,641 155,641
State of Oregon/SAIF Corporation...... 7,000,000 2.0% 151,528 151,528
Wake Forest University................ 916,000 * 19,828 19,828
Warburg Dillon Read LLC............... 7,945,000 2.3% 171,984 171,984
Zeneca Holdings Trust................. 635,000 * 13,745 13,745
Any other holder of notes or future
transferee from any such holder....... 76,727,000 21.9% 1,660,947 1,660,947
</TABLE>
The number of shares of common stock owned prior to the offering
includes shares of common stock into which the notes are convertible. The number
of shares of common stock offered hereby is based on a conversion price of
$46.196 per share of common stock and a cash payment in lieu of any fractional
share. Information concerning other selling securityholders will be set forth in
prospectus supplements from time to time, if required. The number of shares of
common stock owned by the other selling securityholders or any future transferee
from any such holder assumes that they do not beneficially own any common stock
other than common stock into which the notes are convertible at a conversion
price of $46.196 per share.
INVESTING IN THE NOTES OR THE COMMON STOCK INTO WHICH THE NOTES ARE
CONVERTIBLE INVOLVES A HIGH DEGREE OF RISK. PLEASE CONSIDER THE "RISK FACTORS"
BEGINNING ON PAGE 6 OF THE PROSPECTUS.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
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The date of this prospectus supplement is August 11, 1999
