Sunnyvale, Calif.
Went public 10/17/00 at $14 per share
Filing Range:6.0 million shares @ $13 to $15
Shares Outstanding:32.5 million shares
Underwriters: Deutsche Banc Alex. Brown/J.P. Morgan & Co./U.S. Bancorp Piper Jaffray/Epoch Partners
Company Counsel:Cooley Godward LLP
Manager Counsel:Gibson Dunn & Crutcher
Auditor:Ernst & Young LLP
The Company:
Develops systems for use in wireless, broadband and interactive communication networks. The company develops and manufactures products for wirelessly linking businesses with customers, carriers and ISP’s. Its main products are “plug and play” radio-frequency transmitter receivers and high frequency antennas.
Venture Backers:
TRW Inc.
Goldman, Sachs & Co.
Vertex Management Inc
Harris Corp.
Morgenthaler Ventures
Oak Investment Partners
Bruns-Hardie Investors
Walden International Investment Group
Kinship Venture Management Inc.
Crescendo Venture Management LLC
Greylock
Sigma Partners
Harris Corp.
Fayez Sarofim
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 05/19/1994 6 Early Stage 6099.9
2 05/15/1995 9 Early Stage 8200.0
3 05/01/1996 10 Early Stage 14250.0
4 10/01/1997 7 Expansion 2500.2
5 05/01/1998 10 Expansion 14889.8
6 04/01/1999 1 Expansion 20753.0
7 02/01/2000 8 Expansion 24790.2
8 03/01/2000 1 Buyout/Acquis. 139896.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $12.4
Net Income: -2.5