| Ticker: VOCLF | 1 Maskit Street | |
| Exchange: NASDAQ-National Market | Herzliya, Foreign 46733 | |
| Industry: High-Tech | 9729562121 |
| Type of Shares: | Ordinary Shares | Filing Date: | 1/8/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 2/6/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $16.00 - $18.00 | |
| Primary Shares: | 1,750,000 | Offer Price: | $19.00 | |
| Secondary Shares: | 750,000 | Gross Spread: | $1.33 | |
| Offering Amount: | $42,500,000 | Selling: | $0.75 | |
| Expenses: | $1,700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,507,990 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 576-3423 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Auditor: Luboshitz, Kasierer & Co. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $0.38 | $1.49 | $0.28 | Assets: | $2.84 |
| Net Income: | -$1.38 | -$0.86 | -$1.05 | Liabilities: | $1.58 |
| EPS: | -$0.23 | -$0.14 | -$0.18 | Equity: | $1.26 |
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 leading provider of software that enables voice and audio communications over the Internet Phone. The company's core product, first released in February 1995, enables two users connected to the Internet to conduct real-time, two-way, full duplex voice conversations using their personal computers. With Internet Phone, users can conduct unlimited long distance and international conversations for the cost of an Internet connection. The expanding use of the Internet combined with recent advances and trends in personal computing has resulted in the emergence of a market for Internet voice and audio communications products. To address these trends, the company has developed technologies for standard platforms and networks. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and for capital expenditures. |
©1996 IPO Data Systems, Inc. - All rights reserved.