| Ticker: SYKE | 100 North Tampa Street, Suite 3900 | |
| Exchange: NASDAQ-National Market | Tampa, Florida 33602 | |
| Industry: High-Tech | (813) 274-1000 |
| Type of Shares: | Common Shares | Filing Date: | 3/14/96 | |
| U.S. Shares: | 3,285,121 | Offer Date: | 4/29/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 1,285,121 | Gross Spread: | $1.26 | |
| Offering Amount: | $42,706,573 | Selling: | $0.75 | |
| Expenses: | $550,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,318,686 |
| Manager | Tier | Phone |
| Robert W. Baird & Company | Lead Manager | (414) 765-3500 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $63.10 | Assets: | $41.31 | ||
| Net Income: | $1.33 | Liabilities: | $31.71 | ||
| EPS: | $0.13 | Equity: | $9.60 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides information technology outsourcing services, including hardware and software product support and help desk services. The Company's services are provided at various stages during the life cycle of computer hardware and software products. Through its state-of-the-art technical call centers, the Company provides information technology support services (i) to leading computer hardware software companies by providing technical product support services to end users of their products and (ii) to major companies by providing help desk services to their employees. Through its staff of technical professionals, the Company also provides information technology departments services and solutions to large corporations, on contract or temporary staffing basis, including software design, development, integration and implementation; systems support and maintenance; and documentation, foreign language translation and software localization. |
| Use of Proceeds |
| Proceeds from the offering will be used to repay bank borrowings, open additional IT call centers, make additional capital expenditures for upgraded technology, and for working capital and general corporate purposes, including possible acquisitions. |
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