| Ticker: LCCI | Arlington Couthouse Plaza II, 2300 Clarendon Boulevard, Suite 800 | |
| Exchange: NASDAQ-National Market | Arlington, Virginia 22201 | |
| Industry: Service | (703) 351-6666 |
| Type of Shares: | Class A Common Shares | Filing Date: | 6/14/96 | |
| U.S. Shares: | 5,250,000 | Offer Date: | 9/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,750,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 2,500,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $73,500,000 | Selling: | $0.67 | |
| Expenses: | $1,795,050 | Reallowance: | $0.10 | |
| Shares Out After: | 14,114,395 |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 727-1700 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $104.46 | $60.36 | $46.56 | Assets: | $80.68 |
| Net Income: | $4.08 | $2.82 | $0.74 | Liabilities: | $82.82 |
| EPS: | $0.33 | $0.21 | Equity: | -$2.13 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides radio frequency engineering and network design services and products to the wireless telecommunications industry. The Company has provided these services, along with related proprietary software tools and field measurement and analysis equipment, to operators of more than 200 wireless systems in more than 40 countries. The Company intends to leverage its leadership position and its relationships with major wireless customers to benefit from the expected significant growth in wireless networks worldwide. The COmpany has provided services and products to seven of the ten largest U.S> cellular system operators; large international cellular operators, including British Telecommunications plc, France Telecom, Mannesmann MobilfunkGmbH, Germany and Korea Mobile Telecommunications Corp.; companies building or proposing to build personal communications services systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay amounts under a credit agreement with lenders led by Chase Manhattan Bank, strategic financing for customers as an incentive for new business and for working capital and general corporate purposes. |
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