| Ticker: CEON | 1401 Interstate Drive | |
| Exchange: NASDAQ-National Market | Champaign, Illinois 61821 | |
| Industry: High-Tech | (217) 359-3700 |
| Type of Shares: | Common Shares | Filing Date: | 3/21/96 | |
| U.S. Shares: | 3,840,000 | Offer Date: | 5/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 1,615,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 2,225,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $49,920,000 | Selling: | $0.50 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,016,540 | |||
| Spin out parent firm: | Nashua Corporation | |||
| Manager | Tier | Phone |
| William Blair & Company | Lead Manager | (312) 236-1600 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $28.18 | $11.77 | $5.03 | Assets: | $15.49 |
| Net Income: | $3.44 | $1.85 | $0.34 | Liabilities: | $16.33 |
| EPS: | $0.44 | $0.34 | Equity: | -$0.84 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures precision-machined, aluminum disk substrates, network servers, add-on storage devices and storage upgrades. The company's manufacturing and engineering expertise, together with its proprietary manufacturing processes and equipment, enable it to supply customers with high product volumes and consistent quality while meeting increasingly stringent product tolerances. The company believes that its ability to develop and manufacture high quality aluminum substrates helps thin film disk manufacturers meet the rapidly evolving technological requirements of the hard disk drive market. The company also uses its core competencies in precision machining to produce aluminum organic photoconductor (OPC) drum substrates for laser printer cartridges. |
| Use of Proceeds |
| The proceeds from the offering will be used for capital expenditures, primarily in connection with an additional manufacturing facility, repayment of certain indebtedness, working capital and other general corporate purposes. |
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