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Previous: FORUM FUNDS INC, 497, 1998-04-09 |
Next: UST CORP /MA/, DEF 14A, 1998-04-09 |
<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-39917 and
Registration No. 333-46525
PROSPECTUS SUPPLEMENT NO. 1
DATED APRIL 9, 1998
(To Prospectus dated February 20, 1998)
DSC COMMUNICATIONS CORPORATION
This Prospectus Supplement supplements the Prospectus dated February
20, 1998 (the "Prospectus") by DSC Communications Corporation ("the Company")
relating to the offering for resale by certain selling securityholders (the
"Selling Securityholders") of 7% Convertible Subordinated Notes due August 1,
2004 (the "Notes") of the Company and shares of the Company's common stock, par
value $.01 per share (the "Common Stock"), issued or issuable upon conversion of
the Notes. The Common Stock includes the preferred stock purchase rights
attaching to such stock pursuant to that certain Rights Agreement dated April
25, 1996 by and between the Company and Harris Trust and Savings Bank, formerly
KeyCorp Shareholder Services, Inc.
This Prospectus Supplement should be read in conjunction with the
Prospectus, and this Prospectus Supplement is qualified by reference to the
Prospectus except to the extent that the information herein contained supersedes
the information contained in the Prospectus.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS APRIL 9, 1998.
<PAGE> 2
This Prospectus Supplement dated April 9, 1998 hereby further amends
the Prospectus dated February 20, 1998 as follows:
In the section of the Prospectus entitled Selling Securityholders, the
Selling Securityholders table is hereby deleted in its entirety and replaced
with the following table:
<TABLE>
<CAPTION>
PRINCIPAL NUMBER OF SHARES
AMOUNT OF COMMON STOCK
OF NOTES ISSUABLE UPON
SELLING SECURITYHOLDER OWNED CONVERSION OF NOTES
- ---------------------- ---------- -------------------
<S> <C> <C>
Natwest Securities Limited 84,010,000 1,689,492
Bear Stearns Securities Corporation 57,762,000 1161629
Fidelity Securities Fund: Fidelity Growth & Income Portfolio 54,000,000 1085972
MainStay Convertible Fund 18,000,000 361991
General Motors Pension Fund 15,000,000 301659
Bankers Trust International 15,000,000 301659
J. P. Morgan & Co. Incorporated 11,125,000 223730
CFW-C, L.P. 10,000,000 201106
Argent Classic Convertible Arbitrage Fund (Bermuda) L.P. 9,700,000 195072
Swiss Bank Corporation - London Branch 8,500,000 170940
Fidelity Fixed Income Trust:Spartan High Income Fund 7,420,000 149220
SMM Company B.V. 6,100,000 122674
The Northwestern Mutual Life Insurance Company 6,000,000 120663
Kennilworth Partners LP 6,000,000 120663
Fidelity Management Trust Company 5,640,000 113423
Oregon - Equity Fund 5,000,000 100553
Van Kampen American Capital Fund 4,850,000 97536
Merrill Lynch, Pierce, Fenner & Smith, Inc. 4,675,000 94017
Kellner, DiLeo & Co. 4,650,000 93514
Silverton International Fund Limited 4,150,000 83459
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C>
South Dakota Retirement System 4,000,000 80442
BT Holding 4,000,000 80442
Allstate Insurance Company 3,500,000 70387
American Investors Life Insurance Company 3,500,000 70387
HSBC Securities, Inc. 3,200,000 64353
Nomura Securities (Bermuda) Ltd. 3,000,000 60331
Employers Reinsurance Corporation 2,500,000 50276
Franklin Investors Securities Trust 2,500,000 50276
Franklin Universal Trust 2,500,000 50276
New York Life Separate Account #7 2,500,000 50276
Fidelity Financial Trust: Fidelity Convertible Securities Fund 2,440,000 49069
Travelers Indemnity Company 2,331,000 46877
Pacific Life Insurance Company 2,000,000 40221
Motors Insurance Corporation 2,000,000 40221
French American Banking Corporation 2,000,000 40221
The Travelers Insurance Company 1,502,000 30206
BancAmerica Robertson Stephens 1,451,500 29190
PRIM Board 1,165,000 23428
Salomon Brothers Equity Arbitrage Finance Limited I 1,125,000 22624
Stark International 1,000,000 20110
Lazard Freres and Co., L.L.C. 1,000,000 20110
Goldman, Sachs & Co., Bank Zurich 900,000 18099
Salomon Brothers Diversified Arbitrage Strategies Finance Ltd. 875,000 17596
The Minnesota Mutual Life Insurance Company 865,000 17395
MIMLIC Asset Management Co. 865,000 17395
Arkansas PERS 850,000 17094
Halliburton Company Employee Benefit 820,000 16490
Delaware PERS 725,000 14580
</TABLE>
<PAGE> 4
<TABLE>
<S> <C> <C>
Castle Convertible Fund, Inc. 500,000 10055
Franklin Multi-Income Trust 500,000 10055
Franklin Strategic Income Fund 500,000 10055
KD Offshore Fund, C.V. 500,000 10055
Salomon Brothers Total Return Fund 500,000 10055
Regence Washington Health 425,000 8547
Argent Classic Convertible Arbitrage Fund L.P. 300,000 6033
Fairfax County URS Convertible Bonds 295,000 5932
ICI American Holdings 290,000 5832
Zeneca Holdings 290,000 5832
Regence Blue Cross Blue Shield of Oregon 250,000 5027
Robert Kirk 200,000 4022
Kapiolani Medical 190,000 3821
Woodson W. Fishback Trust 170,000 3418
The Travelers Life & Annuity Company 167,000 3358
Regence Blue Cross Blue Shield of Idaho 150,000 3016
NALCO Chemical Co. Retirement Plan 135,000 2714
Mildred Fishback Revocable Trust 130,000 2614
ALCAN Corp. Master Retirement Trust 125,000 2513
Hawaii Airlines Pilots Retirement Plan 125,000 2513
Fairfax County Police Pension and Retirement Fund 110,000 2212
Benjamin Moore & Co. Retirement Income 100,000 2011
IBEW Local 292 Pension Fund 100,000 2011
Hawaii Airlines - IAM 85,000 1709
Nestle USA 45,000 905
Goldman, Sachs & Co. 25,000 502
AICPA Long Term Investment Fund 20,000 402
Halliburton Foundation, Inc. 20,000 402
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C>
Hawaii Airlines Salaried Emply. 20,000 402
AICPA Revised Staff Pension Plan 15,000 301
Holton Arms School Pooled Investment Fund 15,000 301
Inland Foundation, Inc. 10,000 201
</TABLE>
No other change or amendment is made hereby.
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