| Ticker: ACEC | 209 Perry Parkway | |
| Exchange: NASDAQ-National Market | Gaithersburg, Maryland 20877 | |
| Industry: Manufacturing | (301) 258-9850 |
| Type of Shares: | Common Shares | Filing Date: | 6/25/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 8/13/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,270,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 230,000 | Gross Spread: | $0.49 | |
| Offering Amount: | $25,000,000 | Selling: | $0.27 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,418,442 |
| Manager | Tier | Phone |
| Furman Selz Incorporated | Lead Manager | (212) 309-8200 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Rodman & Renshaw, Inc. | Co-manager | (312) 977-7824 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $12.42 | $13.11 | $9.24 | Assets: | $8.86 |
| Net Income: | -$1.59 | $0.78 | -$1.14 | Liabilities: | $7.17 |
| EPS: | -$0.26 | $0.12 | Equity: | $1.69 | |
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 services operations support systems products for networks deployed by telecommunications service providers. For example, telephone companies, other public carriers and large enterprises operating data and voice networks using intranets and the Internet. The company's products perform such functions as billing data collection, network surveillance, alarm processing and network management for some of the largest carriers and enterprises in the world. Increasing worldwide demand for data, voice and video services has created a need for increased network capacity and new network services. In addition, telecommunications service providers face an increasingly competitive environment due to continued deregulation and privatization of the global telecommunications industry. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes, including working capital, the employment of additional personnel and the repayment of debt, the redemption of Class B Preferred Stock and the repayment of certain indebtedness held by the holder of such stock and by a related party. |
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