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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: June 5, 1995
CHIPS AND TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-15012 77-0047943
(Commission file number) (I.R.S. Employee Identification No.)
2950 Zanker Road, San Jose, California 95134
(Address of principal executive offices)(Zip code)
Registrant's telephone number, including area code: (408)434-0600
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Item 5: Other Events
As indicated in the Company's 10Q for the period ended March 31, 1995, the
Company held a minority preferred stock investment in Nexgen, Inc. The initial
public offering of Nexgen, Inc. common stock was declared effective on May 24,
1995 with trading on the NASDAQ National Market under the symbol "NXGN". All of
the shares of Nexgen preferred stock were automatically converted into common
stock as a result of the Nexgen public offering. The Company currently holds
691,667 shares of Nexgen's common stock with zero book value. The common stock
now held by the Company is subject to contractual lock-up provisions which
restrict any sale of such shares by the Company for 180 days after the public
offering.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CHIPS AND TECHNOLOGIES, INC.
By: /s/ Timothy R. Christoffersen
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Timothy R. Christoffersen
Vice President of Finance
Chief Financial Officer and
Principal Accounting Officer
Date: June 5, 1995