| Ticker: OMPT | 2000 N. 14th Street, Suite 550 | |
| Exchange: NASDAQ-National Market | Arlington, Virginia 22201 | |
| Industry: Service | (703) 522-7778 |
| Type of Shares: | Common Shares | Filing Date: | 10/19/95 | |
| U.S. Shares: | 7,000,000 | Offer Date: | 1/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 7,000,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $98,000,000 | Selling: | $0.67 | |
| Expenses: | $1,150,000 | Reallowance: | $0.10 | |
| Shares Out After: | 43,848,244 |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Allen & Company Incorporated | Co-manager | (212) 832-8000 |
| Montgomery Securities | Co-manager | 4156272220 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $3.00 | $0.00 | $3.00 | Assets: | $371.29 |
| Net Income: | -$9.33 | -$49.23 | -$2.54 | Liabilities: | $430.07 |
| EPS: | -$0.26 | -$1.28 | Equity: | -$58.78 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leader in commercializing personal communications services (PCS) both as a holder of a license for the New York MTA, the largest MTA in the U.S. with population of nearly 26.8 million, and a developer of technology and equipment for PCS. The company's proprietary technology is suitable for a variety of digital wireless applications including mobile network systems and wireless local loop. The company's technology is being integrated with wireless Global System for Mobile Communications networks and local telephone switching platforms. The company has spent several years developing and refining its core technology based on spread spectrum since the company's incorporation in 1987. From inception to 1992, the company developed several working prototypes embodying its technology for various wireless voice, data and digitized compressed video transmission projects. The company's success in developing its technology for the first digital PCS system at 1.9 GHz during 1991 and 1992 was instrumental in the Federal Communications Commission (FCC) awarding the company a Pioneer's Preference in 1993. As a result of the Pioneer's Preference, the FCC issued to the company a 30 MHz license to provide PCS services for the New York MTA in December 1994. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to for interest payments on the New York MTA License and the development and marketing of the Omnipoint technology and equipment. The balance of the net proceeds, if any together with the company's existing funds, will be used in connection with licenses, if any, purchased by the company in the Entrepreneurs' Band or other FCC auctions, for working capital for the New York MTA operations and for general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.