Novatel Wireless –

San Diego

Went public 11/16/00 at $8 per share

Filing Range: 7.0 million shares @ $10 to $12

Shares Outstanding: 52.0 million shares

Underwriters: Credit Suisse First Boston/U.S. Bancorp Piper Jaffray/Banc of America Securities

Company Counsel: Orrick Herrington & Sutcliffe LLP

Manager Counsel: Latham & Watkins

Auditor: Arthur Andersen & Co.

The Company:

Develops wireless system solutions for mobile and fixed environments enabling wireless access to personal, corporate and public information through email, corporate LANs and the Internet.

Venture Backers:

Cornerstone Equity Investors LLC

Aether Systems Capital

Working Ventures Canadian Fund Inc.

Ventures West Management Inc.

Gemini Investors LLC

Advent International Corp.

Deutsche Banc Alex. Brown

Digicom Cellular International Inc.

MF Private Capital

Bank of Montreal

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 08/08/19961 Expansion 2014.0

2 01/06/19971 Expansion 00.0

3 05/13/19972 Expansion 2012.0

4 12/31/19999 Expansion 30400.0

5 06/30/20007 Expansion 33900.0


(Data in $ millions)



Total Revenues: 9.6

Net Income: -18.5