| Ticker: SIPX | 22 Linnell Circle | |
| Exchange: NASDAQ-National Market | Billerica, Massachusetts 01821 | |
| Industry: Manufacturing | (508) 667-8700 |
| Type of Shares: | Common Shares | Filing Date: | 2/14/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 4/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,785,715 | Offer Price: | $9.50 | |
| Secondary Shares: | 714,285 | Gross Spread: | $0.67 | |
| Offering Amount: | $25,000,000 | Selling: | $0.38 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,515,148 | |||
| Spin out parent firm: | Tractebel SA | |||
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $29.98 | Assets: | $15.87 | ||
| Net Income: | -$1.80 | Liabilities: | $17.75 | ||
| EPS: | -$0.38 | Equity: | -$1.88 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures, markets and sells innovative, high performance, high value-added analog integrated circuits. The analog semiconductor market has been forecasted by industry sources to represent approximately $17.5 billion in sales in 1995, an increase of approximately 25% over 1994. Industry sources project growth rates for this market of 13% to 17% over the next five years, to greater then $30 billion in sales in the year 2000. The company's strategy is to develop long-term partnering relationships with leaders in targeted market sectors. This enables the company to identify applications and to provide innovative, cost effective solutions to meet customers' needs over the life cycles of their products. The company sells its products to OEM customers either directly through its direct sales force or with the assistance of a network of independent sales representatives, or indirectly through independent distributors. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for repayment of certain indebtedness, funding capital expenditures, working capital and other general corporate purposes. |
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