Convertibles Calendar

AUG. 18 WEEK:

INVISION TECHNOLOGIES INC. (Symbol: INVN): Rule 144A; $100 million of 20-year convertible senior notes, with $25 million greenshoe; price talk of 2.25-2.75% yield, 27.5-32.5% initial conversion premium; noncallable for 7 years; puts in years 7, 10 and 15; 110% contingent conversion; full dividend protection; via lead manager Merrill Lynch; co-managers are Deutsche Bank Securities, Dresdner Kleinwort Wasserstein and Needham & Co.; proceeds for working capital and general corporate purposes, including acquisitions, and up to $25 million to repurchase stock, including up to $12.5 million concurrently with the offering; pricing after Monday's close.

ON THE HORIZON:

THE PMI GROUP INC. (Symbol: PMI): $207 million of equity-linked units and $100 million of common stock from a shelf registration to to fund a portion of its part of the purchase of Financial Guaranty Insurance Co. from General Electric Co.

RECENT SHELF FILINGS WITH THE SEC:

M.D.C. HOLDINGS, INC. (Symbol: MDC): $750 million shelf filed Aug. 11 for common stock, preferred stock and debt securities; securities may be issued as convertibles; includes $450 million previously registered but unsold; Denver, Colo. homebuilder will use proceeds primarily for real estate acquisition and development and homebuilding and for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1259103/000103570403000611/d08153sv3.htm

PACIFICARE HEALTH SYSTEMS, INC. (Symbol: PHS): $600 million shelf filed Aug. 12 for common stock, preferred stock, depositary shares, debt securities, warrants, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Cypress, Calif. managed care and health insurance company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1027974/000093639203001119/a92212orsv3.htm

SKYWORKS SOLUTIONS, INC. (Symbol: SWKS): $250 million shelf filed Aug. 11 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; Woburn, Mass. wireless semiconductor company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/4127/000000412703000037/shelf.htm

TELIK, INC. (Symbol: TELK): $150 million shelf filed Aug. 15 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles or units; Palo Alto, Calif. biopharmaceutical company will use proceeds for research and development and general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1109196/000119312503038684/ds3.htm

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