| Ticker: CYLK | 910 Hermosa Court | |
| Exchange: NASDAQ-National Market | Sunnyvale, California 94086 | |
| Industry: High-Tech | (408) 735-5800 |
| Type of Shares: | Common Shares | Filing Date: | 12/22/95 | |
| U.S. Shares: | 5,000,000 | Offer Date: | 2/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 5,000,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $45,000,000 | Selling: | $0.60 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 24,087,190 |
| Manager | Tier | Phone |
| Piper Jaffray Incorporated | Lead Manager | (612) 342-6000 |
| Gerard Klauer Mattison & Company, Incorporated | Co-manager | (212) 481-6030 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $34.90 | Assets: | $22.73 | ||
| Net Income: | -$3.69 | Liabilities: | $8.12 | ||
| EPS: | -$0.06 | Equity: | $14.61 | ||
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 supplier of network information security products that enable secure transmission of data over private local area networks, and wide area networks and public packet switched networks such as the Internet. The company's broad line of information security products provides an integrated solution that includes the prevention of unauthorized network access, identification of information senders and prevention of unauthorized viewing and manipulation of information. The company's information security products enable secure electronic commerce over the Internet and allow mobile users to securely access corporate networks. Cylink further offers a line of spread spectrum radio products that are used for wireless voice and data communications. The company offers information security products that are designed to provide a comprehensive enterprise wide information security solution. These products address the five critical information security functions ( access, control, privacy, authentication, integrity and non-repudiation) in a scalable, centrally managed system. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, including capital expenditures, working capital and possible acquisitions. |
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