Newark, Calif.
Went public 8/10/2000 at $12 per share
Filing Range: 3 mil. shares @ $12 to $14
Shares Outstanding: 31.5 mil. shares
Underwriters: Lehman Brothers/Thomas Weisel Partners LLC/U.S. Bancorp
Piper Jaffray
Company Counsel: Pillsbury Madison & Sutro
Manager Counsel: Gibson Dunn & Crutcher
Auditor: Deloitte & Touche LLP
The Company:
Manufactures telecommunications access equipment. Designs, develops, manufactures and markets integrated-access customer premise solutions that allow small to mid-sized businesses and branch offices to connect to high-speed public networks.
Venture Backers:
Sierra Ventures
Sequoia Capital
Victory Ventures LLC
TeleSoft Partners
Charter Growth Capital
London Pacific Life & Annuity Co.
Hambrecht & Quist
Berkeley International Capital Corp.
East River Ventures LP
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 10/01/1996 3 Expansion 5000.1
2 07/01/1997 3 Expansion 7500.0
3 03/03/1998 6 Expansion 12000.0
4 10/23/1998 4 Later Stage 6000.0
5 02/04/2000 10 Later Stage 23800.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $12.7
Net Income: -17.1