| Ticker: VST | 5964 West Las Positas Boulevard | |
| Exchange: New York Stock Exchange | Pleasanton, California 94588 | |
| Industry: High-Tech | (510) 734-4000 |
| Type of Shares: | Common Shares | Filing Date: | 12/12/95 | |
| U.S. Shares: | 14,771,801 | Offer Date: | 3/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.50 - $12.50 | |
| Primary Shares: | 8,000,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 6,771,801 | Gross Spread: | $0.66 | |
| Offering Amount: | $169,875,712 | Selling: | $0.38 | |
| Expenses: | $2,200,000 | Reallowance: | $0.10 | |
| Shares Out After: | 39,258,874 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 727-1700 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/95 | 10/31/95 | 10/31/94 | 10/31/95 | ||
| Revenue: | $1,385.39 | $872.30 | $638.36 | Assets: | $743.51 |
| Net Income: | $1.27 | $8.27 | $0.30 | Liabilities: | $713.89 |
| EPS: | $0.04 | $0.25 | Equity: | $29.62 | |
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 provider of services and products designed to build and manage personal computer network infrastructure primarily for Fortune 1000 companies and other large enterprises. The company provides customized, integrated solutions for its customers' network infrastructure needs by combing a comprehensive offering of value added services with its expertise in sourcing and distributing PCs, network products, computer peripherals and software from a variety of vendors. These integrated solutions are designed to support the customer's PC network infrastructure throughout its life cycle. Vanstar refers to these solutions as "Life Cycle Management". Life Cycle Management services include design and consulting, deployment, operation and support, and enhancement and migration. The company believes that its customers require increasingly sophisticated PC network systems and support infrastructures. Vanstar seeks to satisfy these requirements while seeking to minimize its customers' internal staff requirements and systems development risks. |
| Use of Proceeds |
| The company intends to use approximately $2,653,000 of the net proceeds to repay the principal of a note due to the Selling Stockholder and interest due on the aggregate principal amount of such note from June 1, 1995 through the consummation of this offering. The company intends to use the balance of the net proceeds to repay certain amounts outstanding under IBMCC Financing Program Agreement. |
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