IPOs/recent issues: Pixel Works –

Tualatin, Ore.

Went public 5/19/2000 at $10 apiece

Filing Range: 5.75 mil. shares @ $12 to $14

Shares Outstanding: 35.5 mil. shares

Underwriters: Salomon Smith Barney

SG Cowen Securities Corp./E*Offering Corp.

Company Counsel: Ater Wynne LLP

Manager Counsel: Brown & Wood

Auditor:KPMG LLP

The Company:

Develop and market highly integrated system-on-a-chip solutions that unlock the broadband experience. Develops and distributes digital computer displays and controllers. The company’s product is used with flat-panel displays (FPD’s). The single-chip model introduced by the company replaces several discrete components and enables flat panel displays to show computer and video signals.The displays can also support resolutions up to UXGA and HDTV.

Venture Backers:

Sequoia Capital

Battery Ventures

Charter Venture Capital

Enterprise Development Fund

Financing Rounds

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 04/25/1997 2 Early Stage $1250.0

2 04/29/1998 4 Expansion 6600.0

3 05/28/1999 4 Later Stage 11667.0

4 03/01/2000 6 Expansion 28525.2

FINANCIALS

(Data in $ millions)

3 MOS.

03/31/00

Total Revenues: $19.3

Net Loss: -8.2

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