AVICI SYSTEMS –

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.

The Company:

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.

Venture Backers:

Bowman Capital

Meritech Capital Partners

Northern Telecom Ltd.

Sprout Group

Comdisco Ventures

J.P. Morgan Capital Corp.

Accel Partners

Brentwood Venture Capital

Oak Investment Partners

Polaris Venture Partners

Amerindo Investment Advisors Inc.

Robertson Stephens & Co. LLC

Tudor Investment Corporation

DLJ Capital

Nortel Networks

Financing Rounds:

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

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $0.0

Net Income: -46.8