| Ticker: PLCM | 2584 Junction Avenue | |
| Exchange: NASDAQ-National Market | San Jose, California 95134 | |
| Industry: Manufacturing | (408) 526-9000 |
| Type of Shares: | Common Shares | Filing Date: | 3/13/96 | |
| U.S. Shares: | 2,650,000 | Offer Date: | 4/29/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 150,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $21,200,000 | Selling: | $0.38 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 19,272,334 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Montgomery Securities | Co-manager | 4156272220 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $24.94 | $8.24 | $4.90 | Assets: | $17.66 |
| Net Income: | -$1.60 | $0.13 | -$0.69 | Liabilities: | $7.78 |
| EPS: | -$0.10 | $0.01 | -$0.04 | Equity: | $9.88 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, manufactures and markets audioconferencing and dataconferencing products that facilitate meetings at a distance. With its SoundStation product line, the company has established itself as the leading worldwide provider of audioconferencing equipment designed for group use. SoundStation is a high quality, full-duplex, easy-to-use audioconferencing solution. The SoundStation products are designed to operate with local telephone systems throughout the world, and the company has obtained regulatory approval for SoundStation's use in 25 countries. The company's technologies permit its SoundStation products to achieve audioconferencing communications quality that approaches handset communications quality. The company's innovative ShowStation dataconferencing product, introduced in November 1995, enables real-time exchange of data and other images over ordinary telephone lines via the rapidly emerging T.120 dataconferencing protocol standard. ShowStation is a cost-effective, easy-to-use, high resolution dataconferencing solution that enables groups in multiple locations to simultaneously view, edit and annotate paper or electronic documents and data in a lights-on environment. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for general corporate purposes, including working capital and repayment of debt. |
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