Larscom, Inc.

Ticker:	LARS	4600 Patrick Henry Drive
Exchange:	NASDAQ-National Market	Santa Clara, California 95054
Industry:	Manufacturing	(408) 988-6600

Type of Shares:	Class A Common Shares	Filing Date:	10/11/96
U.S. Shares:	7,000,000	Offer Date:	12/19/96
Non-U.S. Shares:	0	Filing Range:	$12.00 - $14.00
Primary Shares:	5,800,000	Offer Price:	$12.00
Secondary Shares:	1,200,000	Gross Spread:	$0.84
Offering Amount:	$91,000,000	Selling:	$0.50
Expenses:	$1,500,000	Reallowance:	$0.10
Shares Out After:	17,700,000

Manager	Tier	Phone
Montgomery Securities	Lead Manager	(415) 627-2220
Cowen & Company	Co-manager	(212) 495-6000
Punk, Ziegel & Knoell	Co-manager	(212) 308-9494

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	6/30/96	6/30/95		6/30/96
Revenue:	$48.66	$30.62	$23.20	Assets:	$31.96
Net Income:	$2.53	$2.51	$1.18	Liabilities:	$11.22
EPS:	$0.18	$0.18		Equity:	$20.74
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company develops, manufactures and markets a broad range of high-speed global internetworking solutions for network service providers and corporate users. Larscom's products provide access to fractional T1, E1, T1/E1, frame relay, fractional T3/E3, channelized T3 services and Clear Channel ATM inverse multiplexing, with clear channel T3, ISDN, IMA and ATM under development. Larscom's newest families of products, the Orion 200 and Orion 4000, were designed with modular hardware and downloadable software to provide the company's customers with the flexibility to increase network capacity and add services in a rapid and cost-effective manner.

Use of Proceeds

The proceeds from the proposed offering will be used for repayment of indebtedness to the selling shareholder and for general corporate purposes, including working capital.

Last updated: 12/29/96