Prospectus Supplement filed under Rule 424(b)(3)
in connection with Registration No. 333-30212
PROSPECTUS SUPPLEMENT DATED AUGUST 31, 2000
(To Prospectus Dated February 28, 2000)
INTELECT COMMUNICATIONS, INC.
20,392,227 shares of Common Stock, par value $0.01
This Prospectus Supplement supplements information contained in that
certain Prospectus, dated February 28, 2000, as amended or supplemented (the
"Prospectus"), relating to the offer and sale by certain Selling Stockholders of
up to 20,392,227 shares of common stock, par value $0.01 per share (the "Common
Stock"), of Intelect Communications, Inc. (the "Company"). This Prospectus
Supplement reflects the transfer of a warrant to purchase 95,000 shares of
Common Stock from Montrose Investments Ltd. ("Montrose") to HBK Master Fund Ltd.
("HBK") effective as of the date hereof, which represents all of the remaining
shares covered by the Prospectus for Montrose. Accordingly, information
contained in the Prospectus under the caption "Selling Stockholders" is amended
to reflect the addition of HBK. This Prospectus Supplement is not complete
without, and may not be delivered or utilized except in connection with the
Prospectus, including any amendments or supplements thereto. Capitalized terms
used herein but not defined have the meanings assigned to such terms in the
Prospectus. The following table, as it applies to the listed stockholder amends
and supplements the information set forth in the Prospectus under the caption
"Selling Stockholders" only with respect to such listed Selling Stockholder.
<TABLE>
<CAPTION>
Number of Shares Number of Shares
of Common Stock of Common Stock
Beneficially Owned Number of Shares Beneficially
as of August 31, of Common Stock Owned After
Name of Selling Stockholder 2000 (1) Offered Hereby Offering
---------------------------------------------------------------------------------------
<S> <C> <C> <C>
HBK Master Fund Ltd. 95,000 95,000 0
---------------------------------------------------------------------------------------
</TABLE>
(1) Beneficial ownership is determined in accordance with the rules of
the Securities and Exchange Commission and generally includes voting
or investment power with respect to securities and includes any
securities which the person has the right to acquire within 60 days
of August 31, 2000 through the conversion or exercise of any
security or other right.
This Prospectus Supplement is dated August 31, 2000.
