IPOs/Recent Issues – BREEZECOM –

Tel Aviv, Israel

Went public 3/23/2000 at $20 apiece

Filing Range:4.5 mil. shares @ $15 to $17

Shares Outstanding:23.65 mil. shares

Underwriters:CIBC World Markets

Dain Rauscher Wessels/US Bancorp Piper Jaffray


(Data in $ millions)


12/98 12/99

Total Revenue $33.01 $44.75

Net Loss -2.3 -3.63

The Company:

BreezeCOM develops, manufactures and markets wireless access products. The compay’s products enable indoor and outdoor, fixed and mobile, wireless connectivity to a local area computer network, and other types of network structures. As well the company offers wireless broadband solutions for voice and Internet connections. The company currently manufacturers and sells the BreezeNET product line for wireless LANs; the BreezeLINK product line for wireless point to backbone connectivity; and the BreezeACCESS family of point to multi-point wireless Internet access and broadband wireless local loop products. BreezeCOM intends to concentrate on the wireless Internet access, wireless LAN and broadband wireless local loop solutions markets for business enterprises as well as public access providers, including local exchange carriers and ISPs. Founded in 1993, BreezeCOM has approximately 270 employees, with subsidiaries in the U.S., United Kingdom, France, China and Uruguay.


The company will use the proceeds generated by this offering for marketing, distribution and research and development. Additional proceeds may be used for aquisitions.

Venture Backers:

Star Ventures, HM Investments LP, Clal Ltd., Warburg, Pincus Ventures Inc., Weiss, Peck & Greer Venture Partners LP

Board Members:

Aharon Dovrat

Michael Rothenberg

Ing. Meir Barel

Eli Barr

Benny Hanigal

Yaffa Krindel

Hillel Milo