July 21, 2009 (FinancialWire) — Conexant Systems, Inc. (NASDAQ: CNXT) (Current Market Cap: $63.72 Mil.) has filed a universal shelf registration statement with the Securities and Exchange Commission to allow the company the option to offer and sell up to $20 million of its common stock, preferred stock, warrants, or any combination of these securities.

The company plans to use the net proceeds from the sale of securities under the shelf registration statement for general corporate purposes including repaying, redeeming, or repurchasing existing debt, and for working capital, capital expenditures, and acquisitions.

Newport Beach, California-based Conexant is a fabless semiconductor firm that offers a portfolio of semiconductor solutions including products for imaging, video, audio, and internet connectivity applications.

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