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NETsilicon announces initial public offering

Staff -- Control Engineering, 10/1/1999

Waltham, Mass.— NETsilicon Inc., a developer and marketer of semiconductor devices and software for embedded systems, announced Sept. 15 an initial public offering of 5.25 million shares of common stock at $7 per share. Proceeds from the offering will be used to repay part of its outstanding debt; fund product development, marketing, capital expenditures, and general corporate expenses; and provide working capital.

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