| Ticker: XTEL | 2525 Brockton Drive | |
| Exchange: NASDAQ-National Market | Austin, Texas 78758 | |
| Industry: Manufacturing | (512) 834-2266 |
| Type of Shares: | Common Shares | Filing Date: | 11/21/95 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 2/13/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.56 | |
| Offering Amount: | $20,000,000 | Selling: | $0.30 | |
| Expenses: | $650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,427,418 | |||
| Spin out parent firm: | Rohm U.S.A., Inc. | |||
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 214-3000 |
| Needham & Company | Co-manager | (212) 371-8300 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/1/95 | 12/30/95 | 12/31/94 | 12/30/95 | ||
| Revenue: | $64.51 | $83.05 | $46.96 | Assets: | $39.63 |
| Net Income: | $0.94 | $3.80 | $0.64 | Liabilities: | $31.39 |
| EPS: | $0.14 | $0.52 | $0.10 | Equity: | $8.24 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides advanced design and prototype services, manufactures sophisticated surface mount assemblies and supplies turnkey solutions to original equipment manufacturers primarily in the telecommunications, networking and computer industries. The company's design and prototype services support customers in the product development phase and assist in their efforts to reduce time to market and time to volume as well as production costs. The company believes that as a result of providing design and prototype services, it is well positioned to provide value added manufacturing of products through production volumes. The company employs advanced surface mount technologies and manufacturing processes, and has developed capabilities in next-stage technologies such as ball grid array. XeTel incorporates its design and prototype services and assembly capabilities, together with materials management, advanced testing and systems integration services, to provide turnkey solutions for its customers. These include Aspect Telecommunications, Dell Computer, Ericsson, Motorola, Optical Data Systems, 3Com/Primary Access, VTEL and Westinghouse Electric. |
| Use of Proceeds |
| The company intends to use approximately $10.1 million of the net proceeds to repay all of its outstanding indebtedness to Rohm. The balance of the net proceeds from the offering will be used for working capital and other general corporate purposes. |
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