| Ticker: DOCI | 50 East Swedesford Road | |
| Exchange: NASDAQ-National Market | Frazer, Pennsylvania 19355 | |
| Industry: Service | (610) 296-6000 |
| Type of Shares: | Common Shares | Filing Date: | 2/12/96 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 4/3/96 | |
| Non-U.S. Shares: | 1,500,000 | Filing Range: | $16.50 - $18.50 | |
| Primary Shares: | 6,300,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 1,200,000 | Gross Spread: | $1.13 | |
| Offering Amount: | $131,250,000 | Selling: | $0.67 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 27,137,830 | |||
| Spin out parent firm: | Welsh Carson Anderson & Stowe | |||
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $163.02 | $196.49 | $73.77 | Assets: | $463.77 |
| Net Income: | $41.42 | $5.02 | $5.52 | Liabilities: | $400.75 |
| EPS: | $1.79 | $0.22 | $0.24 | Equity: | $63.02 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the largest independent provider of multi-vendor computer maintenance and technology support services in the United States based on Dataquest estimates of 1994 revenues. The company's services include hardware support, user and software support, network support and other support services. These services are offered by the company across a broad range of computing environments, including mainframes, midrange and distributed systems, workgroups, personal computers and related peripherals. The company believes it has a competitive advantage through its ability to provide a single source solution and because it is independent. The company has built an extensive and efficient infrastructure to provide its services. With approximately 3,900 technical personnel located in over 150 service locations in North America supplemented by strategic alliances in selected international markets, the company believes it has a distinct competitive advantage, particularly with respect to large national and multinational customer accounts. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of debt, payment of dividends to holders of its redeemable preferred stock and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.