Rexon Inc said it filed aregistration statement with the Securities and Exchange
Commission covering the primary sale of 1.25 mln common shares
through an underwriting group managed by Hambrecht and Quist.
    Rexon, a maker of tape drives, subsystems and
computer-related products, said it plans to use proceeds from
the sale for working capital and for capital expenditures,
primarily related to the company's tape drive products.
 Reuter
