North Billerica, Mass.
Went public 7/28/2000 at $31 per share
Filing Range: 7 mil. shares @ $28 to $30
Shares Outstanding: 46 mil. shares
Underwriters: Morgan Stanley Dean Witter/J.P. Morgan & Co. Inc./Lehman Brothers/UBS Warburg
Company Counsel: Testa Hurwitz & Thibeault
Manager Counsel: Ropes & Gray
Auditor: Arthur Andersen & Co.
Develops scalable terabit switch/routing for public network infrastructure. The company’s products are capable of delivering multiple terabits of switching capacity and supporting the necessary qualities of service needed by emerging applications, such as voice and video. The company has a scalable architecture that currently supports tens of gigabits of bandwidth and can scale to tens of terabits as needs increase.
Meritech Capital Partners
Northern Telecom Ltd.
J.P. Morgan Capital Corp.
Brentwood Venture Capital
Oak Investment Partners
Polaris Venture Partners
Amerindo Investment Advisors Inc.
Robertson Stephens & Co. LLC
Tudor Investment Corporation
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 11/22/1996 2 Early Stage 500.0
2 05/14/1997 5 Early Stage 9600.0
3 03/30/1998 8 Early Stage 16000.0
4 06/01/1998 4 Expansion 13100.0
5 03/31/1999 14 Later Stage 4327.0
6 08/01/1999 1 Later Stage 10000.0
7 09/08/1999 13 Expansion 43700.0
8 04/20/2000 3 Expansion 44500.0
(Data in $ millions)
Total Revenues: $0.0
Net Income: -46.8