South Deerfield, IL
Went public 2/2/2000 at $17 apiece
Filing Range: 4 mil. shares @ $14 to $16
Shares Outstanding: 15.33 mil. shares
Underwriters: Credit Suisse First Boston
Banc of America Securities/CIBC World Markets
(Data except per-share in $ thousands)
Y/E Y/E 9 MOS 9 MOS
12/97 12/98 9/98 9/99
Total Revenue $1,733 $2,386 $1,447 $5,504
Net Loss -6,726 -13,172 -7,932 -5,441
Net Loss Per Share -14.16 -22.87 -14.38 -11.14
Telaxis Communications develops broadband wireless access equipment used by network service providers to deliver integrated voice, video and data services to business and residential subscribers. Its products provide a high performance alternative to other access technologies, such as traditional copper wires, digital subscriber lines and cable modems, that connect the network service provider and the subscriber. Telaxis’ products enable high-speed Internet access, electronic commerce, remote access, telecommuting and extensions of corporate networks to branch offices. The company’s product line consists of wireless transmitter and receiver equipment that is installed outdoors in a cell-based arrangement. Each cell consists of a hub that transmits and receives network traffic to and from customer premises equipment, or CPE units, installed at multiple subscriber locations. This cell-based arrangement is commonly referred to as point-to-multipoint architecture. Millitech has developed two families of broadband point-to-multipoint wireless access products. The company’s products have been successfully demonstrated in more than 40 customer trials worldwide over the last four years. Customers include American Wireless, Korea Telecom, BellSouth Movicom, Maxlink Communications, Central Texas, Nexsatel, Convergence Communications and South Central Telecom.
General corporate purposes, including working capital; a portion of the proceeds may be used to acquire complementary businesses, products and technologies or to establish joint ventures.
SVM Star Ventures Management Ltd., Prism Venture Management Inc., Alliance Technology Ventures Group, Techgains Group, Axiom Venture Partners LP, Prince Ventures, Spring Point Group, United Of Omaha Life Insurance Co.
Robert Fleming, Prism Venture Management Inc. November 1997
James Fordyce, Prince Ventures June 1987