<PAGE> 1
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION
14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
DSP COMMUNICATIONS, INC.
(NAME OF SUBJECT COMPANY)
INTEL CORPORATION
CWC ACQUISITION CORPORATION
(BIDDERS)
COMMON STOCK, $.001 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
23332K106
(CUSIP NUMBER OF CLASS OF SECURITIES)
F. THOMAS DUNLAP, JR.
VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
INTEL CORPORATION
2200 MISSION COLLEGE BOULEVARD
SANTA CLARA, CALIFORNIA 95052
408-765-1125
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS ON BEHALF OF BIDDER)
COPIES TO:
KENNETH R. LAMB
GIBSON, DUNN & CRUTCHER LLP
ONE MONTGOMERY STREET
TELESIS TOWER
SAN FRANCISCO, CA 94104
(415) 393-8200
================================================================================
* This Amendment No. 2 to Schedule 14D-1 also constitutes Amendment No. 1 to the
Statement on Schedule 13D of Intel Corporation and CWC Acquisition Corporation
with respect to the shares of common stock, $.001 par value, of DSP
Communications, Inc. beneficially owned by Intel Corporation and CWC Acquisition
Corporation.
<PAGE> 2
CUSIP No. 23332K106 Page 2 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Intel Corporation
94-1672743
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
38,196,154
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 38,196,154
PERSON --------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,196,154
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
88.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP No. 23332K106 Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CWC Acquisition Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
38,196,154
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 38,196,154
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,196,154
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
88.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
<PAGE> 4
INTRODUCTION
This Amendment No. 2 dated November 18, 1999 to Tender Offer Statement
on Schedule 14D-1 dated October 20, 1999 (the "Schedule 14D-1") relates to the
offer by CWC Acquisition Corporation, a Delaware corporation, and a wholly owned
subsidiary of Intel Corporation, a Delaware corporation ("Intel"), to purchase
all outstanding shares of common stock, $.001 par value per share, of DSP
Communications, Inc., a Delaware corporation (the "Company"), at a price of $36
per share, net to the tendering stockholder in cash, upon the terms and subject
to the conditions set forth in the Offer to Purchase, dated October 20, 1999
(the "Offer to Purchase"), and the related Letter of Transmittal (which together
constitute the "Offer").
Capitalized terms used but not defined herein shall have the meanings
given such terms in the Schedule 14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Item 6 is hereby amended and supplemented by the addition of the
following information thereto:
At midnight, New York City time on November 17, 1999, the Offer expired.
A total of 38,196,154 shares were tendered and accepted pursuant to the Offer,
representing approximately 88.3% of the shares outstanding; an additional
3,720,773 shares were tendered by guaranteed delivery. In the aggregate,
approximately 97.0% of the shares outstanding were tendered.
ITEM 10. ADDITIONAL INFORMATION
Item 10 is hereby amended and supplemented by the addition of the
following information thereto:
A copy of Intel's press release announcing the successful completion of
the Offer and its intention to complete the acquisition of the remaining shares
of the Company's common stock on or about November 19, 1999, is filed as Exhibit
(a)(12) to the Schedule 14D-1 and is incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS
Item 11 is hereby amended and supplemented by the addition of the
following exhibit:
(a)(10) Press Release dated November 18, 1999, issued by Intel.
4
<PAGE> 5
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: November 18, 1999 CWC ACQUISITION CORPORATION
By: /s/ SUZAN A. MILLER
-------------------------------
Suzan A. Miller
President
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: November 18, 1999 INTEL CORPORATION
By: /s/ F. THOMAS DUNLAP, JR.
-------------------------------
F. Thomas Dunlap, Jr.
Vice President, General Counsel
and Secretary
5
<PAGE> 6
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit EXHIBIT INDEX
------- -------------
<S> <C>
99.(a)(12) Press release dated November 18, 1999, issued by Intel.
</TABLE>
6
<PAGE> 1
Exhibit 99.(a)(12)
INTEL SUCCESSFULLY COMPLETES TENDER OFFER
FOR DSP COMMUNICATIONS, INC.
SANTA CLARA, Calif., Nov. 18, 1999 -- Intel Corporation today announced the
successful completion of its tender offer for all outstanding shares of DSP
Communications, Inc., common stock. Approximately 41,916,000 shares of DSP
common stock were tendered as of midnight Eastern time on Wednesday, Nov. 17,
1999, including shares tendered pursuant to notices of guaranteed delivery. The
shares tendered represent approximately 97 percent of the outstanding shares of
DSP Communications.
Intel also announced that it intends to complete its acquisition of the
remaining shares of DSP Communications, Inc., common stock on or about Nov. 19,
1999, by merging its wholly owned subsidiary, CWC Acquisition Corporation, into
DSP Communications, Inc.
Intel, the world's largest chip maker, is also a leading manufacturer of
computer, networking and communications products. Additional information about
Intel is available at www.intel.com/pressroom.
* Third party marks and brands are property of their respective holders.
7
