| Ticker: FRTE | 1800 Harrison Street | |
| Exchange: NASDAQ-National Market | Oakland, California 94612 | |
| Industry: High-Tech | (510) 869-3400 |
| Type of Shares: | Common Shares | Filing Date: | 1/25/96 | |
| U.S. Shares: | 2,150,000 | Offer Date: | 3/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $21.00 | |
| Secondary Shares: | 650,000 | Gross Spread: | $1.47 | |
| Offering Amount: | $25,800,000 | Selling: | $0.88 | |
| Expenses: | $985,000 | Reallowance: | $0.10 | |
| Shares Out After: | 17,688,558 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $10.01 | $18.90 | $6.13 | Assets: | $18.98 |
| Net Income: | -$7.35 | -$2.94 | -$5.27 | Liabilities: | $14.38 |
| EPS: | -$0.45 | -$0.17 | Equity: | $4.60 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company designs, develops, markets and supports the Company, a software application development, deployment and management environment for high-end client/server applications. The Company was designed to enable organizations to create applications with powerful functionality that support up to hundreds or thousands of concurrent users with high levels of reliability, performance and manageability. The Company reduces complexity for developers by providing automatic application partitioning, object-oriented development and independence from specific hardware platforms, operating systems and databases. The Company's multi-tier client/server architecture increases developer productivity, business flexibility and the efficient use of computing resources. The Company allows organizations to use information technology more strategically and improve their ability to compete in today's business environment. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, including working capital and possible acquisitions. |
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