| Ticker: FRLN | 2470 Mariner Loop | |
| Exchange: NASDAQ-National Market | Alameda, California 94501 | |
| Industry: High-Tech | (510) 814-5100 |
| Type of Shares: | Common Shares | Filing Date: | 4/22/96 | |
| U.S. Shares: | 2,250,000 | Offer Date: | 6/12/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 1,750,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 500,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $31,500,000 | Selling: | $0.65 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,057,085 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| UBS Securities Inc. | Co-manager | (212) 230-4000 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $57.19 | $29.45 | $29.55 | Assets: | $36.23 |
| Net Income: | $2.51 | $2.88 | $1.84 | Liabilities: | $8.94 |
| EPS: | $0.25 | $0.27 | $0.19 | Equity: | $27.30 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, markets and supports complete, easy-to-use, plug-and-play Internet connectivity and networking solutions and real-time collaboration software. The company's products are designed to increase the productivity and efficiency of Internet and LAN users and to target small businesses, geographically dispersed facilities of large enterprises, home offices, mobile users, schools and other small organizations that may not have access to sophisticated technical support. The company's Internet/Intranet products include its Netopia routers and modems, which provide high-speed Internet connectivity for individuals and workgroups, and its Timbuktu Pro collaboration on the Internet, Intranets and LANs. To assist users in configuring the Netopia products and in arranging service from Internet and telecommunications service providers, the company offers its Up & Running, Guaranteed! program, which serves as a single source for complete Internet connectivity. The company's LAN networking solutions include its EtherWave family of products, which enable users to easily and cost-effectively create Ethernet networks with or without a hub. |
| Use of Proceeds |
| The proceeds from the offering will be used for general corporate purposes, including working capital and potential acquisitions. |
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