| Ticker: XYLN | 26679 West Agoura Road | |
| Exchange: NASDAQ-National Market | Calabasas, California 94089 | |
| Industry: High-Tech | (818) 880-3500 |
| Type of Shares: | Common Shares | Filing Date: | 1/24/96 | |
| U.S. Shares: | 3,360,000 | Offer Date: | 3/11/96 | |
| Non-U.S. Shares: | 840,000 | Filing Range: | $20.00 - $22.00 | |
| Primary Shares: | 3,200,000 | Offer Price: | $26.00 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $1.82 | |
| Offering Amount: | $88,200,000 | Selling: | $1.10 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 39,404,827 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6121 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $29.66 | Assets: | $27.25 | ||
| Net Income: | -$9.44 | Liabilities: | $11.14 | ||
| EPS: | $0.45 | Equity: | $16.11 | ||
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 high-bandwidth switching systems that enhance the performance of existing local area networks and facilitate migration to next generation networking technologies such as ATM. Current hub and router based networks are facing performance degradation due to the continued growth in the size of networks, increasing demands of high performance personal computers and workstations, and emergence of graphical applications, such as document image processing, desktop video, medical imaging, modeling and simulation, and the World Wide Web. To address these issues, a new generation of switched-media technologies has emerged, including LAN switching, ATM switching and virtual LANS. Xylan offers the OmniSwitch product family, which supports all popular LAN types with "any-to-any" MAC layer translation, and allows the use of LAN switches in place of shared media hubs. The company's switches are based on a distributed, modular, multiprocessor architecture that currently combines LAN switching, virtual LANs and routing in a single product and allows switching performance to increase linear proportion to the number of ports. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, including working capital. |
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