| Ticker: OWAV | One Arsenal Marketplace | |
| Exchange: NASDAQ-National Market | Watertown, Massachusetts 02172 | |
| Industry: High-Tech | (617) 923-6500 |
| Type of Shares: | Common Shares | Filing Date: | 5/22/96 | |
| U.S. Shares: | 3,750,000 | Offer Date: | 7/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 750,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $52,500,000 | Selling: | $0.66 | |
| Expenses: | $1,100,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,757,770 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $6.07 | $2.38 | $0.42 | Assets: | $8.94 |
| Net Income: | -$2.70 | -$8.52 | -$0.29 | Liabilities: | $15.87 |
| EPS: | -$0.21 | -$0.65 | Equity: | -$6.93 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a provider of "Web-enabled" software for the development and deployment of mission-critical business applications across an organization's disparate information technology systems and the extension of those applications to the Internet. The company's OpenScape products enable organizations to extend their current IT capabilities to conduct new, dynamic and interactive communication and transactions with key audiences in their extended enterprise, including customers, suppliers, distributors and business partners. OpenScape products provide the high volume and real-time performance capabilities required by businesses through the utilization of standard Internet protocols, component-based, object-oriented technology, a scaleable, multi-tier architecture and an intuitive point-and-click development environment. The company believes that its products will enable organizations to achieve significant competitive advantages by increasing responsiveness to changing business conditions, and exploiting the low cost, flexibility and ease-of-use of Internet technologies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, repayment of debt and other general corporate purposes, including possible acquisitions. |
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