| Ticker: XION | 70 Blanchard Road | |
| Exchange: NASDAQ-National Market | Burlington, Massachusetts 01803 | |
| Industry: High-Tech | (617) 229-7000 |
| Type of Shares: | Common Shares | Filing Date: | 5/28/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 9/26/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 500,000 | Gross Spread: | $0.84 | |
| Offering Amount: | $33,000,000 | Selling: | $0.50 | |
| Expenses: | $1,400,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,044,923 |
| Manager | Tier | Phone |
| Adams, Harkness & Hill | Lead Manager | (617) 423-6688 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7200 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $23.81 | Assets: | $9.90 | ||
| Net Income: | -$1.53 | Liabilities: | $16.48 | ||
| EPS: | -$0.18 | Equity: | -$6.57 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures systems technology used in office printers, copiers and scanners. The Company offers integrated, modular software products, along with firmware and silicon technology products, that enable the high-speed capture, processing, printing, copying and display of complex electronic documents both locally and across networks. Xionics provides standards-based technology around which its customers can design, develop and market differentiated products in a timely manner. Electronic devices for handling paper (printers, copiers, scanners and fax machines) are ubiquitous in the office environment today. According to Giga Information Group, United States sales of these office devices exceeded $28 billion in 19995 and are expected to grow to more than $33 billion by 1997. End users are demanding greater speed and throughput, higher-quality output, color capability and network connectivity, all at lower costs. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay debt, for working capital and for general corporate purposes. |
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