Fremont, Calif.
Went public 8/15/2000 at $8 per share
Filing Range: 6.5 mil. shares @ $10 to $12
Shares Outstanding: 59 mil. shares
Underwriters: Chase H&Q/J.P. Morgan & Co./SG Cowen Securities Corp./Wit SoundView Group Inc.
Company Counsel: Fenwick & West LLP
Manager Counsel: Gibson Dunn & Crutcher
Auditor: Pricewaterhouse Coopers LLP
The Company:
Manufactures CompactFlash and SmartMedia Cards, two types of digital film for use in digital cameras. The company also provides the ATA flash controller to a select group of companies, which enables them to manufacture and market flash memory products. The company also provides these products via the Internet.
Venture Backers:
St. Paul Venture Capital Inc.
Mellon Ventures
APV Technology Partners
GE Capital Equity Capital Group
Tech Ventures Inc.
Van Wagoner Capital Management
SunAmerica Ventures
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 05/01/1997 1 Early Stage 3000.0
2 02/01/1998 3 Later Stage 9000.0
3 01/01/1999 4 Expansion 11500.0
4 09/30/1999 7 Expansion 30169.9
5 06/30/2000 4 Later Stage 13300.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $29.2
Net Income: -15.3