| Ticker: PRZM | 1000 Hamlin Court | |
| Exchange: NASDAQ-National Market | Sunnyvale, California 94089 | |
| Industry: High-Tech | (408) 752-1888 |
| Type of Shares: | Common Shares | Filing Date: | 2/8/96 | |
| U.S. Shares: | 2,170,000 | Offer Date: | 3/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 170,000 | Gross Spread: | $1.19 | |
| Offering Amount: | $19,530,000 | Selling: | $0.70 | |
| Expenses: | $1,100,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,842,990 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $17.76 | Assets: | $10.49 | ||
| Net Income: | -$2.74 | Liabilities: | $8.44 | ||
| EPS: | -$0.25 | Equity: | $2.05 | ||
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 data warehouse management software products. Data warehouses are separate databases that store historical data which is collected from an enterprise's existing operational computer systems, then integrated and transformed for use in business analysis and decision making. The Company's products enable its customers to develop and maintain their data warehouses more quickly than by manual programming methods. By using the Company's products, customers can build an initial data warehouse in as little as three to six months and significantly reduce ongoing maintenance costs. Most large organizations store data in a number of operational systems dedicated to specific functions such as finance or manufacturing. These operational systems were developed to automate transactions and generate business records capable of being processed and stored electronically. |
| Use of Proceeds |
| The company expects to use a portion of the net proceeds for repayment of indebtedness to a bank. The company also expects to use approximately $5 million of the net proceeds for research and development, approximately $4.5 million to expand its European sales operations and approximately $1..5 million for capital expenditures. The company expects to use the remainder of the net proceeds for general corporate purposes, including working capital and expansion of the company's sales, marketing and customer support organizations. |
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