Went public 5/24/2000 at $19 apiece
Filing Range: 4 mil. shares @ $18 to $20
Shares Outstanding:32.13 mil shares
Underwriters: Credit Suisse First Boston
FleetBoston Corp./Salomon Smith Barney
Company Counsel: Wilson Sonsini Goodrich & Rosati
Manager Counsel: Brobeck Phleger & Harrison LLP
Auditor: Ernst & Young LLP
Provides DSL-upgrade capability services to existing copper lines at one-tenth the power consumption and materially higher channel densities than any known competing solution. Their two chip set solution allows for voice and “always-on” data to travel over the same line.
Velocity Capital Management LLC
Integral Capital Partners
Goldman, Sachs & Co.
U.S. Venture Partners
Vertex Management Inc.
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 04/01/1997 3 Early Stage $841.0
2 07/01/1997 2 Early Stage 1999.0
3 04/01/1998 1 Expansion 2000.0
4 05/31/1999 6 Expansion 38000.2
(Data in $ millions)
Total Revenues: $8.4
Net Loss: -26.6