| Ticker: AWRE | One Oak Park | |
| Exchange: NASDAQ-National Market | Bedford, Massachusetts 01730 | |
| Industry: High-Tech | (617) 276-4000 |
| Type of Shares: | Common Shares | Filing Date: | 6/25/96 | |
| U.S. Shares: | 3,400,000 | Offer Date: | 8/9/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,400,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $37,400,000 | Selling: | $0.40 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 18,382,397 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $3.26 | $0.96 | $0.95 | Assets: | $3.35 |
| Net Income: | -$0.34 | $0.04 | -$0.09 | Liabilities: | $0.38 |
| EPS: | -$0.17 | $0.00 | -$0.04 | Equity: | $2.97 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, develops and markets telecommunications software, chipsets and modems which incorporate ADSL technology and increase the speed of data communications over conventional copper telephone lines. The company's products and services are designed to allow telephone companies to utilize their installed bases of dedicated copper lines to provide both residential and business customers with interactive data transmission at speeds much higher than currently available. The company's products include software and hardware interfaces that integrate ADSL chipsets into modems and other communications devices, and high speed ADSL Internet Access Modems that incorporate the company's proprietary technology and software. The company also develops ADSL chipsets with Analog Devices Inc. ADI has an exclusive license to manufacture and sell the chipsets for which the company receives royalty payments. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and for general corporate purposes including research and development, and the hiring of additional personnel. |
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