Sunnyvale, Calif.
Went public 8/9/2000 at $9 per share
Filing Range: 4.75 mil. shares @ $8 to $10
Shares Outstanding: 22.6 mil. shares
Underwriters: U.S. Bancorp Piper Jaffray/Banc of America Securities LLC
Company Counsel: Cooley Godward LLP
Manager Counsel: Shearman & Sterling
Auditor: PricewaterhouseCoopers LLP
The Company:
Manufactures networking products for the cellular and microwave markets to enhance coverage and capacity of new and established systems. The company supplies infrastructure repeaters to cellular communications service providers and infrastructure manufacturers.
Venture Backers:
Oak Investment Partners
Charter Growth Capital
Nazem & Co.
Brentwood Venture Capital
HMS Hawaii Management Partners
Bruns-Hardie Investors
HMS Group
Hallador Venture Partners
J.F. Shea & Co. Inc.
BAY Partners
Invesco Private Capital
Transcap Associates Inc.
ING Barings
Financing Rounds:
Number ofRound Amt.
Round # Round Date Stage Investors ($ thousands)
1 06/22/1995 6 Early Stage 6000.0
2 07/01/1995 4 Early Stage 660.0
3 04/01/1996 8 Early Stage 800.2
4 08/16/1996 8 Early Stage 4000.0
5 10/01/1996 8 Early Stage 6000.2
6 01/31/1997 8 Early Stage 3000.0
7 08/01/1997 8 Early Stage 2199.8
8 11/17/19971 3 Expansion 12107.9
9 11/23/1998 6 Later Stage 15000.0
10 06/30/2000 3 Later Stage 7098.0
Financials:
(Data in $ millions)
Y/E
3/31/00
Total Revenues: $17.0
Net Income: -15.0