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 Shares of Shares of
Notes Common Common
Beneficially Percentage of Stock Owned Stock
Owned and of Notes Prior to the Offered
Name Offered Hereby Outstanding Offering Hereby
- ----------------------------------------------- ---------------- --------------- --------------- -------------
<S> <C> <C> <C> <C>
Deutsche Bank Securities Inc................... $6,160,000 1.8% 266,689 266,689
Morgan Stanley Dean Witter..................... $ 500,000 * 21,646 21,646
Any other holder of notes or future transferee
from any such holder......................... $ 561,000 * 24,412 24,412
</TABLE>
- ------
* less than 1%
The number of shares of common stock owned prior to the offering
includes shares of common stock into which the notes being offered hereby or
otherwise held by the selling securityholder are convertible. The number of
shares of common stock offered hereby is based on a conversion price of $23.098
per share of common stock (adjusted to reflect the 2-for-1 split of the common
stock in the form of a stock dividend effected on October 29, 1999) 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 $23.098 per share (adjusted to
reflect the 2-for-1 split of the common stock in the form of a stock dividend
effected on October 29, 1999).
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 the prospectus or this prospectus supplement. Any
representation to the contrary is a criminal offense.
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The date of this prospectus supplement is May 5, 2000
