| Ticker: CNWK | 150 Chestnut Street | |
| Exchange: NASDAQ-National Market | San Francisco, California 94111 | |
| Industry: High-Tech | (415) 395-7800 |
| Type of Shares: | Common Shares | Filing Date: | 5/15/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 7/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $30,000,000 | Selling: | $0.68 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 13,254,668 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Deutsche Morgan Grenfell | Co-manager | (212) 468-5000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $3.50 | $1.65 | $0.00 | Assets: | $5.48 |
| Net Income: | -$8.61 | -$3.70 | -$0.80 | Liabilities: | $6.19 |
| EPS: | -$0.93 | -$0.40 | -$0.09 | Equity: | -$0.70 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company operates a cable television computer and technology show and Internet Web sites. The Company seeks to use its editorial, technical and programming expertise to create compelling content to engage technology oriented consumers and attract advertisers wishing to reach this audience. The Company believes that its strategy of combining Internet and television-based programming enhances its ability to promote the c-net brand, improve its ability to create high quality Internet sites and services and to capitalize on new business opportunities such as Internet-based electronic commerce. Based on the volume of traffic on its Internet sites and the size of its television audience, the Company believes that it has established a leadership position in its targeted content market. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, including working capital and capital expenditures, and investment in a joint venture. |
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