elastic networks –

Alpharetta, Ga.

Went public 9/29/2000 at $13 per share

Filing Range: 7.8 mil. shares @ $10 to $12

Shares Outstanding: 31.3 mil. shares

Underwriters: Chase H&Q/Robertson Stephens & Co./UBS Warburg

Company Counsel: Hunton & Williams

Manager Counsel: Jones Day Reavis & Pogue

Auditor: Deloitte & Touche LLP

The Company:

Provides and develops DSL (Digital Subscriber Line) EtherLoop technology. The company’s products address the high-speed Internet access needs of carriers, enterprises and vertical markets.

Venture Backers:

Pequot Capital Management Inc.

Manufacturers Life Insurance Co.

Communications Ventures

Nortel Networks Corp.

Texas Instruments Inc.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 05/12/1999 3 Early Stage 10623.0

2 02/17/2000 10 Expansion 20903.4

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $8.2

Net Income: -20.9