Affymetrix, Inc. Announces Repurchase of 5% Convertible Subordinated Notes Due 2006
December 10 2003 - 5:00AM
PR Newswire (US)
Affymetrix, Inc. Announces Repurchase of 5% Convertible
Subordinated Notes Due 2006 SANTA CLARA, Calif., Dec. 10
/PRNewswire-FirstCall/ -- Affymetrix, Inc. announced today that it
has given notice that it will redeem the company's 5% Convertible
Subordinated Notes Due 2006 (the "5% Notes"). The date of
redemption is January 9, 2004. Each 5% Note will be redeemed for
cash at a redemption price of 101.67% of their principal amount,
plus accrued and unpaid interest to (but not including) January 9,
2004. Currently, there is approximately $102 million principal
amount of 5% Notes outstanding. All statements in this press
release that are not historical are "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act as
amended, including statements regarding Affymetrix' "expectations,"
"beliefs," "hopes," "intentions," "strategies" or the like. Such
statements are subject to risks and Affymetrix uncertainties that
could cause actual results to differ materially for Affymetrix from
those projected, including, but not limited to, risks of the
Company's ability to achieve and sustain higher levels of revenue,
higher gross margins, reduced operating expenses, uncertainties
relating to technological approaches, product development,
manufacturing, market acceptance, personnel retention,
uncertainties related to cost and pricing of Affymetrix products,
dependence on collaborative partners, uncertainties relating to
sole source suppliers, uncertainties relating to FDA and other
regulatory approvals, competition, risks relating to intellectual
property of others and the uncertainties of patent protection and
litigation. These and other risk factors are discussed in
Affymetrix' Form 10-K for the year ended December 31, 2002 and
other SEC reports, including its Quarterly Reports on Form 10-Q for
subsequent quarterly periods. Affymetrix expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in Affymetrix' expectations with regard thereto
or any change in events, conditions, or circumstances on which any
such statements are based. DATASOURCE: Affymetrix, Inc. CONTACT:
media, Wes Conard, Associate Director, Public Relations,
+1-408-731-5791, or investors, Doug Farrell, Vice President,
Investor Relations, +1-408-731-5285, both of Affymetrix Web site:
http://www.affymetrix.com/
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