| 8X8 Inc. | |||
| (www.8x8.com) | |||
| Ticker: | EGHT | 2445 Mission College Boulevard | |
| Exchange: | NASDAQ-National Market | Santa Clara, CA 95054 | |
| Industry: | High-Tech (SIC Code 3674) | (408) 727-1885 | |
| Type of Shares: | Common Shares | Filing Date: | 11/6/96 | |
| U.S. Shares: | 3,600,000 | Offer Date: | 7/1/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $8.00 | |
| Primary Shares: | 3,600,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.46 | |
| Offering Amount: | $25,200,000 | Selling: | $0.25 | |
| Expenses: | $1,300,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,316,659 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Gunderson Dettmer Stough Villeneuve Franklin |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/97 | 3/31/97 | ||||
| Revenue: | $19.15 | Assets: | $12.73 | ||
| Net Income: | -$13.61 | Curr Assets: | |||
| EPS: | -$1.14 | Liabilities: | $6.69 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | -$4.35 | Equity: | $6.04 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops and markets highly integrated, proprietary video compression semiconductors and associated software to original equipment manufacturers of corporate video conferencing systems. To address new opportunities, the company is leveraging its strengths in semiconductor design and related software to develop and market video conferencing systems for the consumer market. The company began shipping the VC100, the first product in its planned family of VideoCommunicators, to the United States consumer market in February 1997. The VC100 connects to a television set and a standard touch-tone telephone adding video to an otherwise normal telephone call, without the need for a personal computer. The company has sold a limited number of VC100s in several foreign countries. There can be no assurance, however, that the company will receive any such foreign regulatory approvals in a timely manner, if at all. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital. |