REXON <TEXN> FILES FOR STOCK SALE
Rexon Inc said it filed a
registration 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
