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As Filed Pursuant to Rule 424(b)(3)
Registration No. 333-32468
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED MARCH 14, 2000)
$650,000,000
CONEXANT SYSTEMS, INC.
4% CONVERTIBLE SUBORDINATED NOTES DUE FEBRUARY 1, 2007
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%
Convertible Subordinated Notes Due February 1, 2007 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 March 14, 2000, 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 the information in the table appearing under the heading "Selling
Securityholders" in the prospectus:
<TABLE>
<CAPTION>
PRINCIPAL
AMOUNT OF
NOTES
BENEFICIALLY PERCENTAGE COMMON STOCK
OWNED AND OF NOTES OWNED PRIOR TO COMMON STOCK
NAME OFFERED HEREBY OUTSTANDING THE OFFERING OFFERED HEREBY
- -------------------------------------- -------------- ----------- -------------- --------------
<S> <C> <C> <C> <C>
Aragon Investments Ltd. .............. $ 70,000 * 648 648
Arkansas PERS ........................ 5,255,000 * 48,657 48,657
BBT Fund, L.P. ....................... 10,000,000 1.5% 92,593 92,593
Bear, Stearns & Co., Inc. ............ 15,250,000 2.3% 141,204 141,204
Bull HN Information Systems, Inc. .... 250,000 * 2,315 2,315
Burroughs Wellcome Fund .............. 250,000 * 2,315 2,315
Citadel Trading Group LLC ............ 40,000 * 370 370
Cornell University ................... 1,250,000 * 11,574 11,574
Credit Suisse First Boston Corporation 49,500,000 7.6% 458,333 458,333
Credit Suisse First Boston Corporation 4,000,000 * 37,037 37,037
CSX Pension Plan ..................... 650,000 * 6,019 6,019
Delaware PERS ........................ 3,345,000 * 30,972 30,972
Delta Air Lines Master Trust ......... 445,000 * 4,120 4,120
Diversified Arb Fund ................. 575,000 * 5,324 5,324
FirstEnergy System Master Retirement
Trust ................................ 500,000 * 4,630 4,630
First Republic Bank .................. 140,000 * 1,296 1,296
General Motors - LT .................. 325,000 * 3,009 3,009
General Motors Welfare Benefit Trust
Arb Fund ......................... 675,000 * 6,250 6,250
Holy Cross Health System Corporation . 250,000 * 2,315 2,315
Hull Overseas, Ltd. .................. 100,000 * 926 926
ICI American Holdings Trust .......... 2,475,000 * 22,917 22,917
Island Holdings ...................... 75,000 * 694 694
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C>
Jackson Investment Fund Ltd. ......... 1,155,000 * 10,694 10,694
JMG Convertible Investments, LP. ..... 1,500,000 * 13,889 13,889
J.M. Hull Associates ................. 250,000 * 2,315 2,315
Kauffman Foundation .................. 500,000 * 4,630 4,630
Market Neutral Arb Fund .............. 675,000 * 6,250 6,250
Midwest Operating Engineers Pension
Trust Fund ........................ 750,000 * 6,944 6,944
Motion Picture Industry Health Plan -
Active Member Fund ................ 140,000 * 1,296 1,296
Motion Picture Industry Health Plan -
Retiree Member Fund ............... 70,000 * 648 648
Nebraska Investment Council
(Endowment) ....................... 250,000 * 2,315 2,315
Nebraska Investment Council (Pension) 750,000 * 6,944 6,944
OCM Convertible Trust ................ 670,000 * 6,204 6,204
Olin Corporation ..................... 500,000 * 4,630 4,630
Onyx Fund Holdings, LDC .............. 4,000,000 * 37,037 37,037
Oregon Retail Employees Pension Trust 400,000 * 3,704 3,704
Pace Strategic Axed Income Investments 500,000 * 4,630 4,630
Partner Reinsurance Company Ltd. ..... 250,000 * 2,315 2,315
Pimco Trust Company Moderate Duration
Fund .............................. 250,000 * 2,315 2,315
Pimco Trust Company Total Return Fund 250,000 * 2,315 2,315
Prim Board ........................... 2,875,000 * 26,620 26,620
Raytheon Master Pension Trust ........ 500,000 * 4,630 4,630
State of Connecticut Combined
Investment Funds .................. 1,425,000 * 13,194 13,194
State of Oregon Equity ............... 7,200,000 1.1% 66,667 66,667
Stichting Pensioenfonds ABP .......... 500,000 * 4,630 4,630
Teachers Insurance and Annuity
Association of America ............ 6,000,000 * 55,556 55,556
The Lutheran Church - Missouri
Synod Foundation .................. 250,000 * 2,315 2,315
Triton Capital Investments, Ltd. ..... 1,500,000 * 13,889 13,889
University & Community College
System ............................ 250,000 * 2,315 2,315
UPS Retirement Plan Total Return
Account ........................... 500,000 * 4,630 4,630
US Trust Company, Custodian, FCI
Pimco ............................. 250,000 * 2,315 2,315
Vanguard Convertible Securities
Fund, Inc. ........................ 2,500,000 * 23,148 23,148
White River Securities LLC ........... 15,250,000 2.3% 141,204 141,204
Workers' Compensation Reinsurance
Association ....................... 450,000 * 4,167 4,167
Zeneca Holdings Trust ................ 1,355,000 * 12,546 12,546
Any other holder of notes or future
transferee from any such holder ...... 500,915,000 77.1% 4,638,101 4,638,101
</TABLE>
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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
$108.00 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 $108.00 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 3 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 April 7, 2000
