| Ticker: XCIT | 1091 N. Shoreline Boulevard | |
| Exchange: NASDAQ-National Market | Mountain View, California 94043 | |
| Industry: High-Tech | (415) 943-1200 |
| Type of Shares: | Common Shares | Filing Date: | 3/12/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 4/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.19 | |
| Offering Amount: | $26,000,000 | Selling: | $0.68 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,767,732 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $0.44 | Assets: | $1.73 | ||
| Net Income: | -$3.26 | Liabilities: | $4.92 | ||
| EPS: | Equity: | -$3.18 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company combines proprietary technology with media expertise to develop and provide navigation services and products for the Internet and the World Wide Web which enable consumers, content providers and advertisers to access and interact. The company's navigational services, including Netsearch, NetDirectory, City.Net, Personal Excite and planned Regional Editions, are tailored to the ways consumers use and navigate the Web. By creating segmented navigation services tailored to specific groups of consumers, Excite seeks to establish advertising channels which give advertisers the flexibility to target consumer audiences as broadly or as precisely as desired and allow them ultimately to reach and create new customers. Excite also actively addresses the needs of content providers through its Excite for Web Servers product which improves a Web site's visibility and usefulness to consumers. The company's objective is to establish itself as the leading branded media service for day-to-day interaction among consumers, content providers and advertisers on the Web. As a result of Excite's consumer focus, the company's navigation services provide advertisers a targeted and flexible vehicle for delivering advertising messages back to consumers. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for general corporate purposes, which may include strategic acquisitions of complementary products, businesses and technologies. |
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