| Ticker: | PRCM | 2181 Dupont Drive | |
| Exchange: | NASDAQ-National Market | Irvine, California 92715 | |
| Industry: | High-Tech | (714) 852-1000 |
| Type of Shares: | Common Shares | Filing Date: | 10/30/96 | |
| U.S. Shares: | 3,025,000 | Offer Date: | 12/17/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 1,025,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $30,250,000 | Selling: | $0.35 | |
| Expenses: | $780,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,000,000 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2220 |
| Needham & Company | Co-manager | (212) 371-8300 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/26/96 | 7/26/96 | ||||
| Revenue: | $72.46 | Assets: | $21.11 | ||
| Net Income: | $2.85 | Liabilities: | $15.98 | ||
| EPS: | $0.31 | Equity: | $5.14 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Procom Technology, Inc. designs, manufactures and markets enterprise-wide data storage and information access solutions that are compatible with all major hardware platforms, operating systems and network protocols. The company has become a leading provider of CD-ROM servers and arrays as a result of its extensive distribution channels as well as the scalability, performance, ease of use and multi-protocol support of its products. The company provides end users with disk drive upgrades for servers, and desktop and notebook computers and also provides high-performance, fault tolerant RAID solutions and tape backup subsystems. The company utilizes computer resellers, value added resellers and distributors to sell its products to a wide variety of end users, including Fortune 500 corporations, government agencies and financial and educational institutions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of outstanding debt, to acquire capital equipment to increase production capacity and the remainder for general corporate purposes including working capital. |
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